Africa: from analysis to action (2)

When the ‘Brexiteers’  in the United Kingdom vigorously campaigned, argued and voted to leave the European Union (EU) recently, little did they realise that the road to that divorce was going to be long, winding and bumpy. The referendum of 23 June 2016 in which 52 per cent of those who voted supported withdrawal has […]

Occupiers’ liability insurance for owners, occupiers of public buildings

Two weeks ago, we treated Builders Liability Insurance. Like Builders Liability Insurance, Occupiers Liability Insurance is one of the six compulsory insurances, albeit lesser known than Motor (Third Party) Insurance. Like Builders Liability Insurance also, Occupiers Liability Insurance deals with buildings. But while the former deals with third party liabilities arising from buildings under construction, […]

Echoes from LAC AGM and investiture of new leadership

The Lagos Area Committee (LAC) of the Nigerian Council of Registered Insurance Brokers (NCRIB) had a change of leadership last Thursday when Mrs Bukola Ifemade, erstwhile vice chairman, became the ninth chairman of the LAC. She is also the third female member to assume that position. Her investiture was preceded by the 2018 annual general […]

Africa: from analysis to action

For nearly a year, various Afro-centric issues have been raised weekly on this medium by this author. Essentially, the attention drawn to them was neither meant to scare nor was it a literary virtuoso but a call for action. Although Africa has been a hotbed of crisis as a result of pockets of wars and […]

Builders liability insurance

Records from the Federal Ministry Power, Works and Housing show that 54 buildings collapsed in Nigeria between 2012 and 2016. I am sure these are the major ones they could track. With our notoriety for poor record keeping and data management, you can be sure that the number is much higher than this. But even […]

Regional architecture for Africa’s prosperity

THE CONTINENT of Africa is vast. In land mass it occupies a land area that is about four times the size of the United States, excluding Alaska and Hawaii). It is three times bigger than China. And, it has been estimated to be bigger than the land masses of the US, China, India, Mexico, Peru, […]

Africa and the global intangible economy

Much has been hyped about Africa’s pride of place in agricultural potential. Some solace has also been found in the significant contribution of commodity exports from Africa into the global marketplace. Where Africa clearly lags behind are critical and very essential to the continent’s prosperity, now and in the future. With Africa’s lack of comparative […]

Insurance for low income earners

Some time ago, the insurance industry regulatory body, the National Insurance Commission (NAICOM), rolled out guidelines for licensing of micro-insurance companies. The move was partly to make insurance more accessible and affordable to low income earners and also deepen insurance penetration, which is currently less than one percent in Nigeria. With the commencement of operations […]

Grim omens on sustainable livelihoods in Africa (4)

SUBTLE and insidious changes are occurring in Africa. Some make headlines while others don’t. The magnitude of the changes and their effects on lives and livelihoods now and in the future are worth some attention and consideration. Unlike earlier decades, marked by gradual, isolated and predictable vagaries, the new realities warrant different sets of thinking, […]

Machinery breakdown insurance

Human beings, who are created by God, breakdown (fall ill) not to talk of plants and machinery that are made by mere mortals. Whether the machines are made by the quality-conscious Germans or the technically-advanced Japanese, they are susceptible to breakdown or damage. Machinery breakdown insurance covers these breakdown and damage. It is an All […]