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NAICOM Plans Effective Micro-Insurance Policy

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13 years ago

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The National Insurance Commission (NAICOM) has said that it will put in place effective guidelines that will propel the implementation of the micro-insurance policy in the country.

The Commissioner for Insurance, Mr Fola Daniel made this known recently in Abuja at a workshop for stakeholders in Micro-Insurance.

“Insurance is a business on trust. Clients, pay premium and expect the indemnification of claims.

“Micro-insurance clients need to be sure that they are offered fair products, that claims are honoured swiftly, that prices are fair, that there are no hidden clauses and that disputes will be handled in a fair manner,’’ he said.

Daniel said that the commission was at the final stage of developing a reliable micro insurance framework with clear rules for investment and for providers of operations.

He added that the commission would ensure that the rules are flexible and designed in such a way that insurance providers have the freedom to use new and innovative procedures to reach the poor.

“The commission has also developed a draft market conduct guidelines that will address indiscipline in the market.

“The draft will be released to the market as soon as the final copy is ready.’’

Daniel said that micro insurance provides the security that people need in order to take their destinies in their hands, take economic risks and attain economic freedom.

He gave assurance that NAICOM would do all that was necessary to reduce poverty in the country and ensure that people in the rural areas benefited effectively from the micro-insurance policy.

Ms Sylvie Hoster of German International Corporation (GIZ) said that micro-insurance was a sure way to reduce the poverty rate in the country.

She said that the idea of micro-insurance was to ensure financial inclusion and access to finance by “the un-financed populace in the country’’.

Hoster called for the dedication and commitment of all stakeholders to ensure that the policy achieved its goal and help transform the lives of ordinary Nigerians.

Also, Mrs Gabriela Braun of Making Finance Work for Africa, an NGO, said that micro-insurance would help provide social protection and give hope to the poor entrepreneurs in the country.

According to her, insurance will be another opportunity to help poor farmers whose farms have been submerged by flood.

She urged all stakeholders to support the project, saying that it would help economic growth and development at the grassroots.

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Kenyan Runners Dominate Berlin Marathons

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3 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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3 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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3 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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