Business
NAICOM, NLC To Set Up Committee On Workers’ Insurance
The National Insurance Commission (NAICOM) and the Nigeria Labour Congress (NLC) have agreed to set up a committee to drive the implementation of a compulsory Group Life Insurance Policy for workers.
This was contained in a statement signed by Mr Salami Rasaq, Head, Corporate Affairs, NAICOM, made available to newsmen yesterday in Lagos.
The statement said the agreement was the outcome of a NAICOM management working visit to the NLC office, Abuja, where it met with labour leaders.
According to the statement, the agreement was part of the commission’s efforts to deepen insurance penetration in the country, as well as provide adequate protection for workers.
“One of the cardinal functions of the commission is the protection of existing and prospective insurance policy holders in the country.
“There are many benefits inherent in the consumption of compulsory Group Life Insurance under the Pension Reform Act of 2004.
“NLC should ensure its members, especially those at the state and local government levels, are adequately insured by their employers,” it said.
The statement said that Mr Abdulwaheed Omar, NLC President, said the congress was willing to work with NAICOM in sensitising Nigerian workers and the public on the benefit of insurance products.
It said that the setting up of the joint working committee was for strategic planning and implementation to achieve the desired goal.
The statement said that the membership of the committee would include NAICOM, NLC and the Pension Commission (PenCOM).
Business
Kenyan Runners Dominate Berlin Marathons
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.