ADDRESS BY MR. FATAI KAYODE LAWAL, PRESIDENT/CHAIRMAN OF COUNCIL, CHATERED INSURANCE INSTITUTE OF NIGERIA DURING THE PRESENTATION OF COMPUTER SYSTEMS TO TERTIARY INSTITUTIONS ...

ADDRESS BY MR. FATAI KAYODE LAWAL, PRESIDENT/CHAIRMAN OF COUNCIL, CHATERED INSURANCE INSTITUTE OF NIGERIA DURING THE PRESENTATION OF COMPUTER SYSTEMS TO TERTIARY INSTITUTIONS ACCREDITED BY CIIN ON WEDNESDAY 14TH MAY, 2014 IN THE COUNCIL CHAMBERS OF THE INSTITUTE.

  PROTOCOLS   It affords me great pleasure to be here today and to address this august gathering in realization of another phase of the major anchors of the theme of my presidency of our great Institute: ‘Promoting Insurance Education in Nigeria’.  

Although the life of this administration commenced on June 14, 2013 during my Investiture Ceremony as the 45th President of the Institute, we have worked concertedly towards the actualization of our 5-point Agenda;

1.   Production of Insurance Textbook for Secondary Schools to actualise Federal Government approval of Insurance as a course of study in “O-Level” examination.  

2.   Support for Accredited Tertiary Institutions offering Insurance to enhance their capacity to offer quality education.  

3.   Reinforcement of activities at the College of Insurance and Financial Management at Asese Village along Lagos-Ibadan Expressway.  

 4.   Completion of the ongoing restructuring of the Institute’s Secretariat to enhance operational efficiency and effective service delivery.  

5.   Resuscitation of the Institute’s Victoria Island Building Project.  

These, no doubt command the significant signposts for developing a lasting legacy in the promotion and sustenance of Insurance Education and for ensuring that we entrench the standards requisite for the production of an excellent workforce for the insurance subsector of the national economy.  

Let me reiterate that the theme of my presidency is borne out of the belief that we can only create the necessary insurance awareness where people are fairly and reasonably educated about it. The less than optimal financial literacy in Nigeria today is at the root of poor patronage of financial services and insurance happens to be one of the most affected in the sector.  

Today, the Nigerian population has just about 3,500 professionally qualified insurance practitioners out of about 160,000,000 people. Getting only 3,500 educated out of this figure is a far cry. The only way we can get insurance to penetrate every nook and cranny of this country is to get more people involved as crusaders for insurance. This, we believe is the way to go.  

Therefore, the donation of Computer Systems to tertiary institutions today is not only significant as a landmark commitment to our growth agenda, it also forms the final part of a series of actions geared at accelerating the empowerment of institutions offering insurance courses across Nigeria.  

Distinguished Ladies and Gentlemen, our Institute is continually committed to the actualization of its statutory responsibilities as enshrined in Decree No: 22 (Now Act) of 1993 of the Federal Republic of Nigeria. Chief of these is the determination of the standards of skill and knowledge for the ethical and professional delivery of insurance services in Nigeria. Therefore, the promotion of insurance education is not only a key to unlocking the huge potentials of our industry but also a means of opening the doors to the younger generation who represent the insurance practitioners of tomorrow.  

Let me end this address by requesting that the computers we are donating to the Institutions today should be domiciled in the libraries for easy access by the students.  

Once again, I welcome you to this august occasion and thank you for finding time off your busy schedule to be here today.  

Thank you for your attention and God bless.      

MR. FATAI KAYODE LAWAL FIIN, FCII PRESIDENT/CHAIRMAN OF COUNCIL