PenCom urges operators to boost market awareness
The National Pension Commission (PenCom) has tasked insurance and pension operators with the need to invest more in market awareness in the New Year to support the aspiration of the Federal Government to attain the $1 trillion dollar economy target.
The commission’s Director-General, Omolola Oloworaran, said this at the 2024 national conference of the Nigerian Association of Insurance and Pension Editors (NAIPE) themed ‘Towards a $1 Trillion Economy: Roles of Insurance and Pension Sectors’.
Oloworaran said the operators are expected to take actionable steps that would ensure sustainable development and long-term progress towards the achievement of the Federal Government’s $1 trillion economy by the year 2030.
The DG who was represented at the occasion by Zonal Head of South-West Zonal Office, Akinsola Adeseun, stressed the need for stakeholders in the sectors to come together and work hard to ensure the success of the government’s ambition is actualised. She explained the significant roles insurance and pension sectors play in the development of every economy.
“The insurance and pension sectors are, indeed. veritable cornerstones in building a strong and resilient economy. Together, they provide financial security and stability for individuals, businesses, and the nation at large.
“Our collective goal of advancing towards a $1 trillion economy is not a mere aspiration but a shared responsibility,” she said.The DG noted that the conference serves as a vital platform to exchange insights, ideas and strategies that would propel the economy towards achieving this ambitious target.
“Let me commend the organisers of this conference for bringing together, pension and insurance industries experts, policymakers, and key stakeholders to engage in meaningful discussions that will foster innovation and collaboration. It is through such gatherings that we can identify opportunities, address challenges and create synergies that will enhance the contributions of our sectors to economic growth.
“As we delve into discussions, let us be encouraged to not only envision a prosperous future but to also take actionable steps that will ensure sustainable development and long-term success. Together, let us strive to create an environment where the insurance and pension sectors can thrive, ultimately benefiting every Nigerian,” she said.
