02/06/2026
GOV. OTTI UNVEILS INSURANCE PE*******ON INITIATIVE IN ABIA, CHARGES STAKEHOLDERS TO DRIVE DESIRED OUTCOMES.
Abia State Governor, His Excellency, Dr. Alex Otti, OFR, has unveiled the Insurance Pe*******on Initiative in Abia, championed by the Nigerian Council of Registered Insurance Brokers (NCRIB), aimed at taking insurance awareness and services closer to the people.
Speaking on Tuesday, May 2nd, at the Michael Okpara Auditorium, Umuahia, during the unveiling of the initiative at the 2026 Chief Executive Officers' Retreat of the NCRIB, Governor Otti commended the decision to use Abia State as the project pilot. He described the retreat as a significant gathering that would help shape the future of the insurance industry in Nigeria.
Delivering a keynote address titled, "A Resilient Support System," Governor Otti challenged stakeholders in the insurance sector to take deliberate actions that would produce the results they desire for the industry.
The State Chief Executive emphasized the need for operators to embrace and deploy technology to enhance insurance services and expand access to insurance products. The Governor also urged industry leaders to leverage the stable and enabling environment in Abia State to develop innovative strategies that would deepen insurance pe*******on across Nigeria.
Governor Otti noted that increasing public awareness, building trust, and making insurance products more accessible are critical to achieving greater participation in the sector and ensuring long-term economic security for the citizens.
"The central theme of my message, however, is that we now have to pull ourselves up by the bootstraps and do whatever needs to be done to drive the outcomes that we seek as stakeholders. Evidently, the only way forward is up. The good thing, however, is that the odds are now in your favour following landmark legislations that strengthen the hands of stakeholders, especially consumers, a new leadership team that is determined to change the status quo and a long list of new markets and opportunities to exploit across the country.
"The assignment for us in Umuahia is to take advantage of the serenity that the environment provides to draw up strategies that would deepen insurance pe*******on in every part of the country." Gov. Otti stated.
The State Chief Executive reiterated that his administration is ready to provide all the necessary support required to achieve the vision. He emphasized the need to develop a robust framework for implementation and called for effective information sharing among stakeholders.
"I would also want the NCRIB leadership team to explore partnership opportunities with all the public and private tertiary institutions in the State. A framework should be developed to identify the number of young insurance ambassadors that can be trained and deployed to the communities and markets in the months ahead
"People need to know what they stand to benefit by buying insurance covers for themselves, loved ones, businesses and of course, whatever possession they consider dear as we see in other parts of the world.
"The changes that we seek will not happen by mere wish. All hands have to be on deck to bring our people to a new awareness of the opportunities and protection that exist in the industry," Gov. Otti stated.
Governor Otti disclosed that he has directed the Abia Leadership Academy to incorporate insurance - related studies into its 2026 training programmes for young people, to enable them gain a better understanding and appreciation of insurance and its benefits.
While appreciating the Nigerian Council of Registered Insurance Brokers (NCRIB) for selecting Abia as the pilot State for the Insurance Pe*******on Initiative and for hosting its annual retreat in the State. The Governor commended the National Insurance Commission (NAICOM) for the ongoing reforms in the insurance industry. He also praised the President of the NCRIB for her dedication and leadership.
Governor Otti noted that the presence and active participation of the Commissioner for Insurance and Chief Executive Officer of NAICOM throughout the retreat underscored the Commission's commitment to providing strong institutional support for the growth and development of the insurance industry.
In his remarks, the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission, Mr. Olusegun Ayo Omosehin, stated that insurance is for everyone and emphasized that the economic strength of any nation is sustained by the resilience and stability that insurance provides.
Mr. Omosehin commended the NCRIB for choosing Abia State as the pilot state for the initiative. He noted that Aba is renowned for its industrial and entrepreneurial spirit and lauded Governor Otti for his transformative developmental strides and for creating a conducive environment for businesses s and investment in the State.
He therefore encouraged investors to take advantage of the opportunities available in Abia State and invest in the State's growing economy.
"So, I'm calling on investors across the globe to find a ready place in Abia State. The State is ready, it's mature, and the environment is right for investment.
"To this extent, the insurance industry will be behind you to provide all the necessary resilience. At the National Insurance, we are totally committed to making insurance accessible, reliable and understandable to every Nigerian," Omosehin stated.
He charged the insurers to ensure that the message of insurance to the people of the State is simple and practical as well as people-centred.
Earlier, the President of the Nigerian Council of Registered Insurance Brokers, Mrs Ekeoma Ezeibe, stated that the retreat was designed to address Nigeria's low insurance coverage, particularly, within the informal sector, where insurance pe*******on remains significantly limited. She emphasized the need for urgent and innovative interventions to expand access to insurance services and deepen public awareness.
Mrs. Ezeibe explained that the 2026 CEOs Retreat, themed "Leading with Innovation," brings together insurance executives, regulators, and key industry stakeholders to examine practical strategies for strengthening leadership, enhancing collaboration, and accelerating insurance pe*******on across Nigeria.
She also commended Alex Otti for his administration's support of the insurance industry and its commitment to creating an enabling environment for economic growth, investment, and insurance development in the State.
The retreat attracted the presence of the the Chief of Staff to the Governor, Pastor Caleb Ajagba, Senator Darlington Nwokocha, Commissioners and other top government officials, stakeholders from the insurance industry among others.
Ctz. UKOHA, NJOKU UKOHA
Chief Press Secretary to the Executive Governor of Abia State.
June 2nd, 2026.

02/06/2026
02/06/2026
02/06/2026
01/06/2026
01/06/2026