NAICOM promotes innovation, trust at BusinessToday Conference
From left: Ibrahim Buwai, Head, Corporate Communications Department of PenCom and Julius Odidi, Deputy Director; Head, NAICOM Lagos Control Office and Edwin Igbiti, past President, Chartered Insurance Institute of Nigeria, at the just concluded 9th BusinessToday Insurance and Pension annual conference/ exhibition, held yesterday at Ballroom of Oriental Hotel, Lagos
Nike Popoola
The National Insurance Commission (NAICOM), has expressed its commitment to building trust and driving innovation which will pave the way for a more inclusive and sustainable financial system, where the needs of the young generation are at the forefront.
The Commissioner for Insurance, Mr Segun Omosehin, spoke at the 9th edition of BusinessToday Conference & Exhibition 2025 in Lagos on Thursday, with the theme, ‘Banking on the Future: Youths, Pension, and Insurance Penetration’.
Omosehin, who was represented by the Deputy Director and Head, NAICOM Lagos Control Office, Dr. Julius Odidi, said the theme highlights the crucial role of financial inclusion in empowering the younger generation.
He said, “As the future depends on how we engage and equip our youth, it’s essential to prioritize their exposure and relevance in the financial sector. To achieve this, the Commission is focusing on building trust and driving innovation to cater to the evolving needs of our growing young population.
“By that, we encourage insurance industry to ensure that insurance products and services are tailored to meet the unique requirements of younger generations, promoting financial inclusion, stability and greater adoption of digital insurance solutions.”
By emphasizing youth engagement and promoting financial literacy, he said, there is a huge opportunity to unlock the potential for growth and development in the insurance sector.
This, in turn, will contribute to the overall economic prosperity of Nigeria, as the insurance industry plays a vital role in mobilizing long-term savings, financing infrastructure projects, and promoting risk management, he noted.
The commissioner commended Businesstoday for driving conversations like this, which will inform policies, encourage innovation, and expand financial penetration.
“Through such engagements, we can empower the next generation with the tools and knowledge necessary for long-term financial security,” he said.
