NCRIB President, Ezeibe priorities insurance penetration, building completion, stronger regulatory collaboration
From left: Executive Secretary/CEO, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Tope Adaramola; President, Mrs. Ekeoma Ezeibe; and Vice President, Mrs. Funke Adenusi, during a press briefing in Lagos today
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The newly invested President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Ekeoma Esther Ezeibe, has unveiled her vision to drive a unified and more impactful insurance industry under the theme “One Insurance Industry.”
Speaking at her first press briefing in Lagos today, Mrs. Ezeibe said her administration will focus on three major pillars which are deepening insurance penetration, completing and commissioning the NCRIB House project, and fostering stronger collaboration with the National Insurance Commission (NAICOM).
Explaining her “One Insurance Industry” vision, the NCRIB President said it represents a deliberate effort to reposition the insurance sector as a key player in Nigeria’s economic growth.
“One Insurance Industry means we will consciously do things that will help us take our rightful place in the economy,” she said. “As brokers, we play a sustainable role to the consumers. It is our responsibility to reach out to them, especially now that the Nigerian Insurance Industry Reform Act 2025 has opened up fresh opportunities.”
Mrs. Ezeibe noted that the new Act introduces more compulsory insurance policies and grants NAICOM stronger enforcement powers, a move she described as a game changer for the sector.
To drive insurance penetration, the NCRIB President announced plans to leverage the Council’s six area committees spread across the country which are Lagos, Western, Abuja, Northern, South-South, and Eastern, not only to replicate national programmes but also to promote insurance awareness at the grassroots.
As part of this agenda, she revealed that Abia State has been selected as the pilot scheme for the insurance penetration project.
“We cannot start with all 36 states at once,” she explained. “Abia was chosen because we must begin where we understand the terrain and can measure real impact. The Southeast, particularly Abia, presents a great opportunity to spread the gospel of insurance.”
On infrastructure development, Mrs. Ezeibe commended her predecessor, Prince Babatunde Oguntade, for his work on the ongoing NCRIB building project and pledged to ensure its completion and commissioning during her tenure.
“By God’s grace, we will all be alive to witness the commissioning of the NCRIB House, named after the doyen of the Nigerian insurance industry,” she stated.
She also emphasised the need for continued partnership with NAICOM to ensure a cohesive and effective insurance ecosystem.
“With unity of purpose, collaboration, and renewed drive for penetration, the Nigerian insurance industry will emerge stronger,” Mrs. Ezeibe affirmed.
