By JEPH ADE

The National Insurance Commission and the Ministry of Youth Development yesterday, signed a Memorandum of Understanding to train one million youths in the country in conjunction with the Chartered Insurance Institute of Nigeria (CIIN). The programme tagged ?One Million Youths in Insurance? is in line with the project of President Bola Ahmed Tinubu to create more jobs and empower the youths.

The programme is aimed to sensitize Nigerian youths with knowledge and best practices to enable them to participate in Insurance, boost youth entrepreneurship by offering financial protection and peace of mind, create employment across the 774 Local Government Areas by providing another channel of opportunities for youths, promote insurance awareness on social media and other platforms, boost the insurance industry in Nigeria with impact across other sectors and accelerate Nigeria?s financial inclusion mandate.

The Commissioner for Insurance, Ayo Omosehin in his remark commended the Minister of State for Youths Comrade Ayodele Olawande for his commitment towards the project and expressed appreciation to all parties involved in the project believing that the project will be a clear win for the youths of the country.

The Hon. Minister expressed delight for the signing of the MoU, disclosing that he had also signed a similar MOU with the Nigerian Data Protection (NDPC) to train Nigerian Youths in data protection and privacy.

He further said that the future of Nigeria rests on the shoulders of the youths who make up more than 60 per cent of the population. According to him, insurance, which is critical to the economy of any growing nation like Nigeria, has been underutilized. Through this partnership with NAICOM, therefore, he said, Nigerian youths will be sensitized to know the importance of insurance, foster entrepreneurship, and create employment opportunities across all 774 local government areas of the country.

The meeting came to a close with the official signing of the MOU by the Hon. Minister of State for Youth Development, the Commissioner for Insurance and the Chartered Insurance Institute of Nigeria.

?PHOTO: From left: Dr. Usman Jankara (Dep. Commissioner for Insurance, Technical), Olusegun Ayo Omosehin (CFI), Hon. Ayodele Olawale (Minister of State for Youths), Ekerete Ola Gam-Ikon (Dep. Commissioner for Insurance, Finance and Admin) and Amu Ogbeide (Founder and CEO Sapphital Academy).