NANS Supports Insurance Recapitalisation for Economic Growth

The National Association of Nigerian Students (NANS) has expressed its support for the ongoing recapitalisation of Nigeria’s insurance industry, viewing it as essential for strengthening the sector and aiding economic development. At a news conference on Wednesday in Abuja, NANS President Comrade Akinteye Babatunde Afeez highlighted the strategic role of the insurance sector in protecting investments and promoting financial inclusion.

He praised President Bola Ahmed Tinubu for signing the Nigerian Insurance Industry Reform Act (NIIRA) 2025 on July 31, 2025, which aims to modernize the regulatory framework of the industry. Afeez noted that the law creates opportunities for students and young Nigerians in various sectors.

NANS also commended the National Insurance Commission (NAICOM) and its leadership, including Commissioner for Insurance Mr. Olusegun Ayo Omosehin and Governing Board Chair Hajia Halima Kyari, for their commitment to reforms. The association cautioned against calls for the removal of NAICOM's leadership, asserting that such actions could jeopardize ongoing reforms.