Experts support Reinsurance’s AI strategy for sector growth

Stakeholders in Nigeria’s insurance industry have expressed support for Nigeria Reinsurance Corporation’s new AI strategy, commending its balanced approach. Public affairs commentator, Ade Adesokan, noted that the initiative showcases how effective leadership can merge cutting-edge technology with deep human expertise. Nigeria recently introduced a training initiative called ‘Reinsurance Accounting System and Claims Handling’ aimed at […]

FG economic reforms falling short of expectation – Experts

The Organised Private Sector has expressed support for the International Monetary Fund’s recent report, which excluded Nigeria from a list of countries making notable progress in macroeconomic reforms. The IMF’s Deputy Director, Catherine Patillo, presented a report at the Lagos Business School recently noting that while the average growth rate for the region was projected […]

Experts advocate securitisation of N41tn nation assets

The Chief Executive Officer of Economic Associates, Dr Ayo Teriba, alongside other economists, has advocated for the securitisation of Nigeria’s N41 trillion assets as a means to boost financial resources for the Federal Government. Securitisation involves pooling assets and converting them into interest-bearing securities, which are sold to investors, thereby generating funds for the government. […]

Leverage tech for building safety, experts urge Lagos

The Building Collapse Prevention Guild has urged the Lagos State Government to utilize technology for monitoring building performance and preventing structural failures. This was disclosed by the BCPG Ikeja Cell Coordinator, Gbolahan Oyelakin in an interview with the News on Sunday, according to NAN. Oyelakin emphasized that implementing technology would enable the government to proactively […]

Experts have warned that, following the presumed full deregulation of Premium Motor Spirit, or petrol, prices may increase again soon after last week’s hike. The experts based their warning on anticipated further depreciation of the foreign exchange rate and an expected rise in crude oil prices in the international market, according to Vanguard. “And the […]

Nigeria needs $498bn to bridge healthcare infrastructure gap – Expert

A professor in the Department of Estate Management of the University of Lagos, Timothy Nubi, has said that the nation will require more than $498 billion to close the infrastructural deficit in the healthcare system. Nubi disclosed this at a lecture, themed ‘African Real Estate Outlook: Find Value after the Great Reset’, in honour of […]

Increase sweetened beverage tax to reduce sugar consumption, expert tells FG

Public health expert, Dr. Francis Fagbule has urged the Nigerian government to raise the 2021 sugar-sweetened beverages (SSBs) tax considerably in order to reduce habitual use and address growing health problems. This was disclosed Fagbule on Thursday, according to Arise News. He emphasized the urgent necessity for this action due to the serious health risks […]

Free trade zones can generate over N11tn – Experts

Experts say that the country’s Free Trade Zones have the potential to contribute more than N11.11 trillion in remittances to the Federation Account. The Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf stated that the free zones could outperform the record they had reported, according to The Punch. He said that […]