AN ADDRESS TO MEMBERS OF THE PRESS BY THE MD/CEO

AN ADDRESS TO MEMBERS OF THE PRESS BY THE MD/CEO

ON THE OCCASION OF 44^{TH PRE- AGM PRESS CONFERENCE}

Distinguished members of the Press, it gives me great pleasure to address this conference, an event preceding the Company’s 44th Annual General Meeting. As published in the dailies, the meeting is scheduled for Thursday, 31st July, 2014 at Kwara Hotels, Ilorin. The Chairman, Board of Directors will host a cocktail dinner on 30th July, 2014 in the same venue.

Conventionally, occasion like this is to fraternize with the esteemed members of the Press for their roles and overwhelming media support, which by extension has contributed tremendously to our modest achievement over the years.

We appreciate your critical analysis of major events in our Company and the Insurance industry as a whole. The Company as a going concern would always learn and improve on its activities through your objective and unbiased reporting. We enjoin you to continue in this good work of being partners in progress, not only to our Company, but to the entire Insurance industry. The industry and the Nigerian economy in general need the media support to build a vibrant economy. On our part, we promise you maximum support and cooperation.

Gentlemen of the Press, permit me at this juncture to highlight some major events of the Company in recent times.

Five years ago, the Company embarked on transformation programme, with emphasis on enhanced speed and efficient service delivery. We are pleased to inform you that this hub of transformation agenda has started yielding positive results. We have been able to review most of our business operations, and in

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turn there are clear indices of improved operating performance. This is evident in our financials under review. We are ready to key into the various programmes of the Federal Government and its Agencies to maximize our income and add more value to our shareholders and other stakeholders.

We plan to launch new products, repackage the existing ones to suit our various clientele and up-grade information technology to integrate our Regional and Branch offices. We have established an e-commerce department and now use ICT to drive our operations. We have adopted e-payment systems for premium collection. We will continue to build business alliances and embark on more aggressive marketing.

Finally, the Company would not relent on its drive towards human capital development which is key to achieving the overall objectives. As a major player in the industry, we will continue to support the regulatory framework and implementation of its measures and guidelines.

Once again, I would like to thank you for honouring our invitation to this press conference, not minding our short notice.

Wishing you journey mercies back to your various beats.

　

DAUDA KOLAPO ADEDEJI

MD/CEO

NIGER INSURANCE PLC

Tuesday, 22nd July 2014.