By Sanni Azeezat Opeyemi (SIWES student, Gate Way Polytechnic Saapade)
The National Economic Council, led by Vice President Kashim Shettima, recently approved a resolution advising Nigeria to establish a comprehensive insurance policy for disasters.
This proactive measure aims to safeguard citizens from unforeseen events, such as earthquakes and floods.
The Council is exploring a potential partnership with African Reinsurance, a leading insurance company, to enhance the country’s resilience.
Vice President Shettima highlighted Africa Reinsurance’s support for earthquake-affected individuals in Morocco and emphasized the potential benefits for small-scale holders, pastoralists, and farmers in Nigeria.
The Council has directed economy and finance ministers to develop a roadmap for the implementation of these insurance policies.
