Forsaking prosperity: the tragedy of abandoned public sector projects

A famous Igbo proverb aptly states that no one gets wealthy by throwing the things of value he or she previously acquired away. It goes to prove how vital cumulative acquisition is on the journey to prosperity. This principle is always naturally in the application, whether it is in the case of an individual, organisation […]

“Mind the gap”

I do not mean the “mind the gap” warnings you see at London train stations. We are talking insurance here. Insurance is like a relay race; where the scope of coverage of one policy ends, the scope of coverage of another begins. One policy’s exception is another’s insurable peril. Unfortunately, once some policyholders purchase a policy, […]

Need to increase third party property limit

For the past few weeks, we have been dwelling on motor insurance and why not? Beyond being compulsory, motor insurance is the most patronized insurance product in Nigeria. Today, we have reason to deal with another aspect of motor insurance. A few days ago, on my way to work, I saw a big lorry tilting […]

Outbursts of people’s power in Africa

Africa’s boundless treasure, Social development

PEOPLE’S POWER is increasingly gaining pre-eminence in Africa, judging from recent events. Whether it is called Africa’s resurgence or African version of the Arab Spring, the past couple of months have been remarkable in Africa, a continent with the largest number of the world’s remaining dictatorial, high-handed and visionless national leaders. The new wave of […]

Insurance and Lagos traffic fines

The Lagos State Government recently announced fines for various traffic offences. Reactions to the fines have been divergent. I have strong views on the government action too, but today, we just want to look at the relationship between the fines and insurance. The first fine is for driving without a driver’s license. If the person […]

Africa’s place in the world’s future green economy

Africa’s boundless treasure, Social development

EQUATIONS, permutations, extrapolations and scenarios about environmental stewardship in the context of energy and dependent technologies will remain incomplete and will miss out vital assumptions as long as African perspectives are not given elaborate consideration. The global quest for renewable energy and emission reduction arising from technological innovations would need to open a special chapter […]

AFRICA in the crossfire of US-China trade spat (3)

Africa’s boundless treasure, Social development

IMPRESSIONS ABOUT aid dependence have to be erased when discussing about the Africa of the future. What defined the continent’s past does not necessarily have to define its future. Africa has benefited much from freebies, hand-outs and aid packages which haven’t translated to anything substantial in terms of development. Some debts have also been written […]

Double jeopardy

I was returning from the Nigerian Council of Registered Insurance Brokers Annual CEO Conference when we ran into traffic after the Redeemed Camp. Heavy traffic around that stretch of Lagos-Ibadan Expressway has become a common occurrence, so I prepared myself for the inevitable. A short while later I noticed billows of smoke on the other […]