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 […]

Grim omens on sustainable livelihoods in Africa (3)

GLOBALISATION will position Africa at a disadvantage unless the continent urgently finds innovative ways to solve lingering problems of livelihoods change. Therefore, serious attempts should be made to put the key contemporary problems – and those that could recur later – in the right context. Appropriate feedback will provide sound basis for intervention.  A major […]

Emerging hydrogen energy world: Implications for oil exporting countries

Hydrogen has long been used across several industries, including the process for converting heavy petroleum extracts into lighter, exploitable forms of fuel. But the objective of turning hydrogen itself into a viable and clean energy source to power vehicles and heat houses is the potential game-changing solution that could lead the way toward a full […]

SMEs and business interruption insurance: The road less travelled

Recently, the business place of a small business owner was destroyed by fire. Luckily, he had a material damage insurance cover (fire and special perils) in place. But unfortunately, he only insured his contents; he did not insure the business space. The business was located in a building that had other business concerns and it […]

Grim omens on sustainable livelihoods in Africa (2)

MUCH DEPENDS on individual African countries in their response to issues in sustainable livelihoods. In majority of cases, the subject has been regarded as tangential rather than integral part of socio-economic policy governance. It has mostly received attention within and around subject-matter-related conferences but less of official attention in the context of development. As a […]