Rashidat Adebisi Launches NIIRA 2025 for Insurance Sector

Rashidat Adebisi, a former Executive Director at AXA Mansard, unveiled a strategic roadmap for Nigeria’s insurance sector under the NIIRA 2025 initiative. This project aims to align the insurance industry with the federal government's ambition of achieving a $1 trillion economy.

Adebisi emphasized that the insurance sector is a critical driver of macroeconomic stability in Nigeria, which currently faces challenges due to a complex insurance industry and low penetration rates below 3% compared to other African markets. The roadmap identifies the need for a complete re-architecture of the financial system to meet the demands of a trillion-dollar economy.

Adebisi highlighted the importance of regulatory clarity and institutional rigor to support this transformation. She also pointed out that the initiative aims to enhance digital transformation and compliance within the industry, ultimately fostering wealth creation and economic resilience.

Adebisi's extensive experience as a financial strategist and her qualifications, including being a Fellow of the Association of Chartered Certified Accountants (FCCA) and an alumna of the University of Oxford, underpin her leadership in this initiative.