Shoderu underscores essence of insurance in disaster management

Chuks Udo Okonta

The President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Ayodapo Shoderu, has callen on the Federal Government to recognise the pivotal place of insurance in disaster management.

He disclosed this during a courtesy visit by members of the Council's management to the Federal Capital Territory Emergency Management Agency in Abuja.

Shoderu said government's efforts in disaster management would be more result oriented if insurance which is one of the most potent risk management device is factored into disaster management plans at all levels of government in the country.

He said historically insurance has been regarded as the saviour of mankind, but regretfully it's roles have not be adequately recognized in the scheme of things, especially in disaster management.

Shoderu said: "The practice of setting aside budgetary allocations to disaster management is commendable, but it makes better sense for government to subscribe to insurance for the purpose of compensation from which victims of disasters could be succoured in the country."

He commended the Federal Government for appointing the current Director General of FEMA, Mr Abass Idriss to head the Agency, noting that his robust pedigree in insurance and risk/disaster management would be assets for the Agency.

Responding, Director General, Abass highlighted the achievements of the Agency in disaster management and control within the Federal Capital Territory since it was established.

Abass assured that the Agency has recognized the importance of insurance to disaster management and was prepared to ensure the engagement and synergy of relevant stakeholders for service delivery.