Gov Otti backs ‘One Insurance Industry’ mantra, endorses 2026 NCRIB CEOs’ Retreat in Abia

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The vision of the current leadership of the Nigerian Council of Registered Insurance Brokers (NCRIB), under President Ekeoma Ezeibe for a One Insurance Industry, in driving insurance awareness for the insurance Industry has received a significant boost with the endorsement of the Governor of Abia State, Dr Alex Otti

A statement today from the Council said during a business visit paid by the President of the NCRIB, Mrs Ekeoma Ezeibe and a delegation of the Council to the Abia State Governor, Dr Alex Otti, the Governor applauded the Council for giving fillip to the much desired insurance awareness and growth of the industry, affirming that Abia State would log into the initiative for the mutual benefits of the State and the insurance industry.

To give impetus to the place of insurance Brokers in the propagation of insurance in Nigeria and particularly Abia State, Governor Otti, expressed his endorsement of the 2026 Chief Executive Officers’ Retreat (CEOs’ Retreat) of the Council, holding in Abia State in June, this year.

The Governor who was enthused by the new Nigerian Insurance Industry Reform Act (NIIRA) 2025, disclosed that he had constituted a high level working team within his government to work with the NCRIB in coming out with practical and sustainable ways the insurance awareness initiative for which Abia State was being proposed as a pilot project would be successful.

Governor Otti underscored the need for younger professionals to be involved in the insurance collaboration for sustainability, drawing reference from the Abia Leadership Academy, which he noted had successfully trained about 1,000 young people in the State.

Earlier, the NCRIB President Ekeoma Ezeibe had apprised the Governor with the provisions of the NIIRA 2025 law, underscoring the place of Insurance Brokers and particularly aspects that spelt out compulsory insurances, part of which she said highlighted the duty of care which the governments had towards their citizens.

She said the choice of Abia State for the pilot insurance awareness project and the forth coming CEOs Retreat was strategic, based on the sterling accomplishments of the current government, coupled with the need to take insurance to the eastern part of the country in a bid to catalyse the required socio- economic growth of the region.

Mrs Ezeibe laid out the benefits of compulsory insurance under the law, some of which she noted were: job creation; encouragement of investment; value creation; security and stability, health care access and consumer protection.