President Muhammadu Buhari on Thursday said he will hasten the signing of the Consolidated Insurance Bill 2020 once it lands on his desk.
The President made the pledge during his conferment ceremony as the Grand Patron of the Chartered Insurance Institute of Nigeria (CIIN) by the Chairman and members of the Governing Council of the Institute, held at the State House.
“Once the National Assembly has finished the process of reviewing the Consolidated Insurance Bill 2020 and is forwarded to me, I would speedily subject it to the necessary executive checks and sign it into law,’’ the President said, according to a statement signed by presidential spokesperson Femi Adesina.
The President, who commended the leadership of the Institute under Sir Muftau Oyegunle for bringing some sanity into the Nigerian Insurance Industry as well as giving more visibility to the importance of the industry in national development, counselled them to do more.
‘‘As you continue in your work of contributing to national development, I want to urge you to further increase the number of Nigerians and businesses that would benefit from and be benefited by the insurance industry,” he said.
“As you are well aware, you need to dispel misconceptions about the insurance industry presently held by a good number of Nigerians, especially as it relates to claims and need for insurance.
