Kano government to lure investors with compulsory insurance policy – The Whistler Nigeria

The Kano State government has decided to use its new insurance culture to attract foreign investors to the state

The state government is optimistic that a well-established insurance culture in Kano State will ensure investors have security in their investments.

Kano State Secretary of Government, Alhaji Usman Alhaji, who represented the State Governor, Dr. Abudullahi Umar Ganduje, said so yesterday in Abuja during a three-day retreat for committee members technical on the implementation of liability and other insurance in Kano. State.

Alhaji Usman Alhaji told reporters that the Kano state government is exploring and promoting insurance culture in the state to, among other things, encourage foreign direct investment (FDI).

He said: “In the long term they (the investors) will also need to be insured and this will give them the security they need should the eventuality arise.

“The compulsory insurance policy adopted by the Kano State government is deliberate because we know that in the long run we will benefit each other: the insurance companies; the state government and the people of Kano.

The Kano State Government Secretary added that the compulsory insurance policy was adopted by the state government in its quest “to make Kano a better state, develop economically and take it to the next level”. .

He said the police will ensure “the protection of the people of the state and their businesses, ensuring that they are insured and that in the event of any eventuality they can obtain relief”.

Insurance Commissioner and Chief Executive of the National Insurance Commission (NAICOM), Mr. Sunday Thomas, said the action taken by the Kano State Government on insurance is testimony that insurance can indeed flourish. anywhere in Nigeria.

He said the goal of the retreat was to equip committee members with the necessary information and knowledge to enable them to maximize opportunities that would help build and grow the culture of insurance among the citizens of the state. from Kano.

Thomas said the Kano state insurance policy would help the state “generate more revenue and serve as a social protection mechanism that would help both the government and the citizens in the event of a disaster.”