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NAICOM commences human development in universities to improve insurance education, penetration

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NAICOM commiserates with CEO over wife’s death

To strengthen insurance education and facilitate penetration in schools, the National Insurance Commission (NAICOM) has begun capacity development at universities across the country’s six geopolitical zones.

Mr. Sunday Thomas, the Commissioner for Insurance, stated this in Abuja on Thursday during the signing of a Memorandum of Understanding (MoU) with the University of Uyo.

The decision, according to the commissioner, was made in order to educate more people about insurance and its policies.

Thomas stated that the Commission had visited various universities and polytechnics in the North-East, North-West, North-Central, South East, South-West, and South-South to provide financial assistance to the school insurance departments.

He stated that the Commission was currently aiding and training personnel in the insurance departments of six institutions across the zones.

According to him, the assistance is applied to support tertiary institutions with the development of administrative and vocational offices, as well as the sponsorship of insurance department accreditation.

Others include the establishment of Information and Communication Technology (ICT) Centres, Master’s and Doctoral degree scholarships, the provision of insurance-backed text books and journals, and the support of professorial endowment.

According to Thomas, institutions offering insurance and actuarial science at degree or National Diploma levels, owned by federal and state governments and have existing infrastructure, staff and department with insurance education were considered.

In his words, “The value is the linkage that is created in human capital development which cannot be quantified.

“This is a knowledge based sector, we realised that as the days go by, vulnerability increases and in which case, we need to develop products that will meet the needs of the populace and we need creative ideas.

“We need those who are cerebral to be able to reach out there and package products and of course the starting point is to get the knowledge.”

Prof. Nyaudoh Ndaeyo, Vice-Chancellor of the University of Uyo, had earlier praised NAICOM for the generous gesture, adding it would help the university’s insurance programme.

(NAN)

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Education

Oyedepo advises universities to invest more on research

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Oyedepo advises universities to invest more on research

The Chancellor of Covenant University, Ota in Ogun State, Dr Bishop David Oyedepo, has advised universities in Nigeria to invest more in research to proffer solutions to numerous challenges confronting the country.

Oyedepo gave the advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Ota, Ogun.

He said that universities should be solution centres, with life-applicable solution outputs that would solve problems in Nigeria and other nations of Africa.

The chancellor said that it was time for universities to arise and begin to wage intellectual wars against social vices with all zeal and zest.

Oyedepo said that the country needs to begin to see the dividends of university education.

“No institution loses value until it stops solving problems.

“Also, the relevance of any university is in the problem it solves,” he said.

Oyedepo said that the ability of universities to make huge investment in research would help to solve the country’s challenges and proffer solutions to myriads of global problems.

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Education

Peter Obi Fulfills Pledge, Donates Bus, N5m to Kogi Nursing College

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Peter Obi Fulfills Pledge, Donates Bus, N5m to Kogi Nursing College

Peter Obi Fulfills Pledge, Donates Bus, N5m to Kogi Nursing College

Former Labour Party presidential candidate, Mr. Peter Obi, returned to Grimard College of Nursing Sciences in Anyigba, Kogi State, on Tuesday to fulfill a promise made during a previous visit.

Obi had earlier donated ₦10 million to the college to support learning and pledged to assist further in meeting their urgent needs for accreditation.

During his visit three months ago, the Proprietor and Rector informed him that the school’s immediate need was a 32-seater coaster bus for students’ clinical experience trips.

After discussions with Bishop Most Rev. Dr. Anthony Adaji, Obi was told that a fairly used bus costing between ₦20 million and ₦30 million would be sufficient, as the price of a new bus had risen above ₦100 million.

True to his word, Obi returned to the college to present a fairly used bus within the specified range, aiding the students’ clinical assignments.

He also donated an additional ₦5 million to cover the cost of the bus’s registration, insurance, and other expenses for a year.

Obi expressed his gratitude to the institution’s leadership for their warm reception and commended their efforts in advancing education and healthcare.

He reassured them of his continued support, emphasizing his commitment to building a better Nigeria.

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Education

ASUU threatens indefinite strike, says FG fails to honour agreement

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ASUU threatens indefinite strike, says FG fails to honour agreement

The Academic Staff Union of Universities (ASUU) has threatened to embark on indefinite strike over failure of the Federal Government to honour the 2009 aggrement reached with it.

Prof. Timothy Namo, the Bauchi Zonal Coordinator of the union said this during a news conference on Friday in Jos.

Namo said that the union after its National Executive Council (NEC) held between Aug. 17 and Aug. 18, issued a 21-day ultimatum.

“As we speak, government has not honoured any of the agreements or address our concerns.

“At the expiration of the 21-day ultimatum, we again issued another 14-day ultimatum that commenced from Sept. 23.

“So, we want Nigerians to blame the federal government if ASUU decide to down tools and shut down public universities,” he said.

Namo highlighted the lingering issues to include, non conclusion of the re-negotiation of the 2009 agreement, non release of the three-and-half month salaries of academic staff, unpaid salaries of all academic staff on adjunct appointment and outstanding third-party deductions.

Other lingering issues he said were, poor funding for the revitalisation of public universities, none payment of Earned Academic Allowances (EAA) as captured in the 2023 budget, proliferation of universities, non implementation of the reports of visitation panels to universities, among others.

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