Unlocking the potential of African youth

Africa’s boundless treasure, Social development

Africa sits on a time bomb, waiting to explode for good or for ill. With a population estimated at 1,287,920,518 in 2018, a population density of 42.51, a growth rate of 2.52 percent and projected to rise to 1,703,537,504, a population density of 56.22 and a growth rate of 2.23 percent, by 2030, the continent […]

GIT: Which is better, spend N90,000 or lose N2m?

Crime and Investigation, Insurance, Motor Third Party, Policy Holders

On a daily basis, at least one articulated vehicle carrying goods veers off the road, overturns, falls off the road, catches fire or is involved in one form of road mishap or the other on the Sagamu to Onitsha head bridge road. These accidents are not peculiar to this road; they are also common on […]

The insurance world

Crime and Investigation, Insurance, Motor Third Party, Policy Holders

In my interactions, I have found out that the average Nigerian, including very educated people, have a shallow understanding of how the insurance industry is organized. There are many insurance professionals and entities operating within the insurance space. We have the insurance companies, reinsurance companies, insurance brokers, actuaries, loss adjusters and insurance agents. Of course, […]

Claims procedure

Crime and Investigation, Insurance, Motor Third Party, Policy Holders

The main reason individuals and corporate bodies take up insurance is that if the peril insured against occurs, they would be restored to the financial position they were before the fortuitous event. In insurance, we refer to this act as the principle of indemnity. But before the financial restoration takes place, there are laid down […]

Sustaining agriculture and food security in Africa through innovation

Africa’s boundless treasure, Social development

African continent presents stark contrasts in socio-economic contexts. In these contexts are embedded contradictions and crises associated with development, wealth creation and well-being on a continental scale. In food production and consumption, the current realities remain worrisome. This is despite the enormous potential in agriculture that remains to be unlocked. With a landmass of about […]

Comprehensive motor insurance policy conditions and exceptions

Crime and Investigation, Insurance, Motor Third Party, Policy Holders

I went for presentation some time ago. In the course of the presentation, I told my audience that if their drivers stole their vehicles, they were not entitled to any remedies, even if the vehicle was comprehensively insured. Uproar followed; all my attempts to explain to them fell on deaf ears. “It’s daylight robber” was […]

Surmounting the hurdles in Africa’s cotton and textile industry (3)

Africa’s boundless treasure, Social development

Te perspective for growth in the hydrocarbon-based alternative to cotton can only get better. This is against the backdrop that the rising demand for clothing materials may stretch cotton supply to the limit. Despite the discovery of this substitute, cotton still continues to be highly relevant as the demand for natural fibres continues to increase […]

Surmounting the hurdles in Africa’s cotton and textile industry (2)

Africa’s boundless treasure, Social development

Africa’s trade relation with the rest of the world, as it is presently, is awkward. It got worse in recent times, particularly in the manufacturing sector due to some powerful external factors. China’s highly competitive manufacturing sector has devastated many smaller-scale rivals across Africa, Asia and Latin America in the course of implementing Beijing’s global […]