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Operators Have Risen to Domesticate Insurance Practice -Experts

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The Nigerian insurance market has witnessed the launch of new products in recent times. This may not be unconnected with the special attention which the industry has earned following the recapitalization of the industry. In the last two years in particular, the operators have deplored greater strength to fashioning out innovative products in line with societal expectation. This creative effort is expected to substantially lead to an increase in premium volume. This has included launching new products for specialized risks. According to industry watchers, industry development in the past one year have shown that the insurance companies appear set to discard the old garment for a more enduring one. This is indicative of the type of new products being churned out from the operators many of which are tailor –made to suit the hostile Nigerian environment. At first glance, it would appear some companies have gone the traditional route with their products such as wedding and special events, construction, sudden disasters like fire outbreak or flood e insurance agents errors and omissions (E&O) coverage, or kidnap and ransom which is receiving increased attention due to the rampant cases of kidnap for ransom in the Niger Delta areas of Nigeria. A closer look at some of these products these products show that they actually target very specialized risks or provide options that are not available from other markets. Looking at the type of product that been coming out of insurers drawing board, it could be said that operators have started to master the peculiar environment in which they are doing business. Industry watchers advised insurance companies to deploy effective energy in designing products along the line of events. This is hinged on the fact Nigerians like parties and by that culture therefore, prospective customers would be willing to take short term insurance to guarantee the success of their events. Operators have also been enjoined to do deep research studies into how Nigerian farmers can be talked into taking agricultural insurance to safeguard their farm produce. This is more so as Nigerians are predominantly farmers and any insurance policy that could win their confidence is bound to witness resounding success.
In the area of health insurance, industry watchers have also suggested the need for Dental insurance. This is based on studies which showed that many of those who take health insurance never worry about specific segments like dental insurance. If you want a healthy mouth, then dental insurance is your sure bargain. Though dental care is expensive, it is a necessity for those who chose to invest in their dental health.  Medicare doesn’t include a dental insurance plan, and many employers either do not provide dental insurance or they are scaling back their offerings, leaving consumers to pay for dental care on their own. As a result, many consumers are going without the expected insurances which they normally should take.
Dental insurance plans also often come with a coverage cap, meaning consumers are only insured for a particular amount per year. Once the dental patient exceeds that amount, he or she pays out of pocket. Consumers who go the insurance route also get the benefit of oversight from their relevant authourity which could prove helpful if they have insurance complaints.When it comes to selecting an insurance plan or a discount dental plan, some of the same rules apply. A 2009 poll by Harris Interactive and HealthDay found that 30 percent of adults with health insurance did not visit a dentist because of the prohibitive costs. Of those who were uninsured, more than half required dental care, but costs kept them away. If your employer doesn’t offer dental insurance, experts advised that people could buy an individual policy. However, another alternative is the discount dental plan, a membership-based network which offers discounted dental services from select providers. Dental insurance is not popular in Nigeria where people seems to be more concerned with meeting basic needs of life. With dental insurance, consumers typically pay a monthly premium and a deductible before insurance kicks in, but even after the deductible, policies vary widely on co-pay requirements. Some policies have no co-pay while others require the consumer to pay a substantial portion.

 


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IHS Nigeria, Osun State partner to transform technical education

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IHS Nigeria has partnered with the Osun State Government on Osun Teacher-Shift 2025, a programme aimed at transforming technical and vocational school teachers into digital-ready educators capable of driving innovation in classrooms.

The IHS Nigeria sponsored initiative, implemented by Focus Teens Foundation in collaboration with the Osun State Board of Technical and Vocational Education, targets about 200 teachers across the State’s nine technical colleges. The training will run in batches over a two-day period, with participants expected to acquire modern skills, and innovative teaching techniques.

Speaking at the opening ceremony which held in Osogbo yesterday, Titilope Oguntuga, Director of Sustainability at IHS Nigeria, explained that the project was developed to prepare teachers for the opportunities and challenges of a fast-evolving world.

She said, “Today is not just the launch of a programme — it is the beginning of a movement. This is more than training, it is a mindset shift. It is about rethinking how we prepare teachers, students, and our communities for the opportunities and challenges of a fast-evolving world.”

Oguntuga emphasised that teachers remain at the centre of national development but face increasing demands to inspire creativity, nurture innovation, and equip young people with practical and technology-driven skills.

She noted that the initiative also reflects IHS Nigeria’s four sustainability pillars — ethics and governance, environment and climate change, people and communities, and education and economic growth.

The IHS official said, “education remains the strongest catalyst for national development. But we cannot achieve this without empowering the people who will empower the next generation. With this programme, teachers and beneficiaries from the nine technical colleges will begin to think more innovatively and incorporate new systems that support STEM for the advancement of our nation.”

Oguntuga added that each school would be given routers with one year subscription.

Adedapo Ademola-Adesina, Special Adviser to the Governor on Technical and Vocational Education, noted that the State Government believes in private sector collaboration to achieve its goals for technical and vocational education, leading to the partnership with IHS Nigeria.

“We must begin by changing the mindset of our teachers. They are the ones who shape future leaders. That is why we tagged the program “Osun Teacher-Shift 2025” — shifting from the old ways to new digital teaching”, he said.

Also speaking, Sunday Eluwole, the Osun State Commissioner for Education, acknowledged that the training was both timely and necessary, saying; “this is the 21st century, and Nigeria cannot be left behind. Our schools, teachers, and classrooms must be digitalised. Teachers must first be trained in digital methods before they can pass the knowledge on to students.”

Eluwole added that Osun State, which has the highest number of technical colleges in the Country, is committed to making its schools models of digital and vocational learning.

Earlier, Muritala Jimoh, Permanent Secretary, Ministry of Education, said that Osun State teachers are ready to shift. Jimoh noted that Governor Ademola Adeleke is prioritising teachers’ welfare in the state, hence their readiness to embrace the shift.

He called on teachers to reciprocate government’s efforts by making their minds flexible to change.


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Passengers Must Switch Off Phones during Flights — NCAA

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Nigeria Civil Aviation Authority (NCAA) has directed all airlines operating in the country to ensure that passengers completely switch off their mobile phones during aircraft take-off and landing.

Passengers Must Switch Off Phones during Flights — NCAA

Michael Achimugu, director of Public Affairs and Consumer Protection, NCCA, disclosed the directive in a post on X on Tuesday.

He said the measure was part of a harmonisation of existing rules on the use of electronic devices onboard.

“Henceforth, the regulation per phones and other electronic devices in Nigeria has been unified: ALL PHONES MUST BE SWITCHED OFF DURING THE CRITICAL ASPECTS OF TAKE-OFF AND LANDING,” Achimugu wrote.

“All airlines must amend their security programmes to reflect this if different in their current programmes. No more airplane mode until regulations are reviewed to reflect evolving technological situations.”

The directive means that all airlines will have to adjust their operational manuals and cabin crew instructions to enforce the policy.

Reactions to the announcement have been mixed on social media, with some Nigerians questioning the relevance of the rule in light of advances in aircraft technology and onboard connectivity.

 

 

 


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TETFUND Tasks Tertiary Institutions on Use of ICT for Teaching

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Sonny Echono, executive secretary, Tertiary Education Trust Fund (TETFund), has called on Nigerian tertiary institutions to urgently embrace technology in teaching, research, and administration, warning that billions of naira already invested in ICT infrastructure risk being wasted due to underutilization.

TETFUND Tasks Tertiary Institutions on Use of ICT for Teaching

Echono made the call in Abuja, Nigeria while delivering remarks at a 2-Day Workshop on Blackboard/TERAS Adoption and Usage in Beneficiary Institutions, organized by TETFund for Registrars, Bursars, Directors of Academic Planning and ICT and Thesis Project Repository Managers of beneficiary institutions.

He lamented that despite TETFund’s early investment in digital learning platforms such as the Tertiary Education, Research, Applications and Services, TERAS, many universities, polytechnics, and colleges of education were still lagging behind in ICT adoption.

According to him, Nigeria’s rapidly growing population and limited availability of classrooms make technology the only viable pathway to expanding access to quality education.

“We are no longer confined to the four walls of classrooms. With just an android phone or a device, students should be able to access content, participate in learning, and acquire skills. There is no alternative to technology if we must prepare our youths for the opportunities ahead,” Echono said.

He decried the slow pace of transition to digital platforms in many institutions, some of which still send hardcopy requests to TETFund despite clear directives for e-submissions.

The TETFund boss stressed that robust and regularly updated institutional websites should be a minimum requirement in the digital age, describing many schools’ online presence as “embarrassingly outdated.”

Echono also cited the successes recorded during the COVID-19 lockdown when TETFund partnered states, the Nigeria Television Authority, NTA, and radio stations to broadcast WAEC syllabus-based lessons.

According to him, that year produced one of Nigeria’s best WAEC results, indicating the potential of technology to revolutionise learning.

He expressed concern that Nigeria now ranks 189th globally and 25th in Africa in education competitiveness, behind smaller countries like Rwanda and Mauritius that have leveraged ICT to transform their systems.

“Government has done its part by providing the infrastructure. But when equipment is procured and platforms created and they are not being used, that is the very definition of waste,” he warned.

The TETFund boss urged heads of institutions to champion the use of digital platforms like TERAS by lecturers and students, stressing that over time, more than half of TETFund’s education investments would have to go into ICT rather than physical infrastructure.

Echono also linked Nigeria’s underdevelopment to its failure to leverage technology in sectors such as oil, agriculture, and manufacturing, contrasting the country’s struggles with China’s rapid transformation through deliberate investment in knowledge and innovation.

“We can do the same if we decide to do the right thing. The right thing starts with our education system. The building block of every nation is knowledge,” he said.

He appealed to tertiary institutions to seize the opportunity, populate their websites with relevant data, and ensure students and staff are fully onboarded onto TERAS platform.

Earlier, Mr. Joseph Odo, director of ICT, TETFund, said interactive sessions at the workshop were designed to deepen understanding of the Fund’s digital platforms and improve collaboration among beneficiary institutions.

“This is part of our engagements with key stakeholders, registrars, librarians, ICT directors, repository managers, and academic planners, to ensure that everyone understands the interventions we are providing. The world is moving fast technology-wise, and we cannot afford to be left behind,” Odo said.

He explained that the sessions, which will hold across all six geopolitical zones, are focused on strengthening the use of TETFund-funded learning platforms, which aggregate data for planning and improve teaching, research, and learning outcomes.

Odo added that TERAS is evolving into “an educational lifestyle” that caters to students, lecturers, administrators, and even government planners.

 


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