NAICOM, Youth Ministry sign MoU to train 1m youth in Insurance programme

The National Insurance Commission and the Ministry of Youth Development today Friday October 4, 2024 signed a Memorandum of Understanding to train one million youths in the country in conjunction with the Chartered Insurance Institute of Nigeria. The program tagged “One Million Youths in Insurance” is in line with the project of President Bola Ahmed Tinubu to create more jobs and empower the youths.  The program is aimed to sensitise Nigerian Youths with knowledge and best practices to be able to participate in Insurance, boost youth entrepreneurship by offering financial protection and peace of mind, create employment across the 774 Local Government Areas by providing another channel of opportunities for our youths, promote insurance awareness on social media and other platforms, boost the insurance industry in Nigeria with impact across other sectors and accelerating Nigeria’s Financial Inclusion mandate.

The Commissioner in his remark thanked the Minister of State for Youths Comrade Ayodele Olawande for his commitment towards the project and expressed his appreciation to all parties involved in the project believing that the project will be a clear win for the youths of our dear Nation. The Hon. Minister during his address welcomed the Commissioner for Insurance and his team and expressed his delight for the signing of the MoU, making reference on signing a similar MOU with the Nigerian Data Protection (NDPC) to train Nigerian Youths in data protection and privacy. He went further to say that, the future of Nigeria rests on the shoulder of the youths who make up over 60% of our population and Insurance which is critical to the economy of any growing Nation like Nigeria has been underutilised, therefore saying that through this partnership with NAICOM, Nigerian youths will be sensitised to know the importance of insurance, foster entrepreneurship, and create employment opportunities across all 774 local government areas of the country. The meeting came to a close with the official signing of the MOU by the Hon. Minister of State for Youth Development, the Commissioner for Insurance and the Chartered Insurance Institute of Nigeria.