By Abbanobi -Eku Onyekachi
Abuja
Deputy Senate President Jibrin I. Barau has commend the Chairman of the Committee on Banking, Insurance and Other Financial Institutions, Senator Adetokunbo Abiru and the members of the Committee for a job well done.
Commending them on Tuesday, on behalf of the senate at the presentation of their report on Banking, Insurance and Other Financial Institutions on Nigerian Insurance Industry Reform Bill, 2024 (SB. 393), he said when Nigeria has the concurrence by the House of Representatives and the assent of Mr. President, the law, according to him will help shape the country’s economy for the better.
He therefore said that economies change at all times, adding that incumbent on the authorities of every nation is to recraft their legislation to go in tandem with contemporary realities.
While stating that this is what has been done by the passage of the legislation, the Deputy Senate President therefore informed that the intent is to restructure the insurance ecosystem to accommodate contemporary happenings within Nigeria’s economy.
“I commend the Chairman of the Committee and, indeed, members of the committee. They are people of outstanding pedigree who are educated and knowledgeable about the insurance industry. So they put in their best, and I am sure the country will benefit from it when the law is eventually passed.
