Omosehin: Insurance Is Crucial for Traders, Transporters, and Others

Ebere Nwoji

The Commissioner for Insurance, Mr. Ayo Olusegun Omosehin, emphasized that insurance is essential not only for large corporations and government entities but also for traders, transporters, artisans, farmers, small business owners, professionals, landlords, tenants, students, and families.

He made this statement while delivering a goodwill message at the 2026 CEOs’ Retreat and the unveiling of the Nigeria Corporation of Insurance Brokers’ (NCRIB) awareness and penetration project in Umuahia, Abia State.

The commissioner praised the NCRIB leadership for choosing Abia State as the launchpad for the insurance awareness initiative and for maintaining the vision of deepening insurance awareness and enlightenment across Nigeria.

He noted that the event’s significance lies not only in its practical value but also in selecting Abia as the pilot state.

According to him, Aba holds a prominent place in Nigeria’s industrial history as a city long associated with enterprise, craftsmanship, and manufacturing excellence. He said it was therefore fitting that a project designed to deepen insurance awareness, protect businesses, and strengthen investor confidence should begin in a state with such a strong legacy of production and commercial energy.

“This initiative is therefore not only timely but also strategic and impactful. Distinguished ladies and gentlemen, insurance is far more than a financial product; it is protection; it is confidence; it is peace of mind. It provides a structured mechanism through which individuals, families, businesses, and governments can recover from unforeseen events and financial disruptions,” Omosehin said.

He added that for insurance to truly serve its purpose, it must first be understood.

“People need to know what insurance is, how it works, the types of protection available, and their rights and responsibilities as policyholders. They must also appreciate how insurance safeguards the assets and livelihoods they have worked hard to build over time. This is why education, awareness, and public enlightenment are indispensable,” he said.

According to Omosehin, for the people of Abia State, awareness of insurance and the tangible benefits it offers will encourage traders in Aba and entrepreneurs in Umuahia to protect their shops, goods, businesses, and assets.