Alex Otti has praised the efforts of the Nigerian Council of Registered Insurance Brokers to promote insurance awareness and expand insurance coverage across the country.
Otti gave the commendation on Monday while receiving a delegation from the Nigerian insurance industry led by the Council’s President, Ekeoma Ezeibe, at his office in Umuahia.
The governor acknowledged the importance of insurance in protecting individuals, businesses and investments against unforeseen risks, noting that direct engagement with the public would help build trust and confidence in the sector.
According to him, many residents of Abia State are involved in trading, manufacturing and other small and medium-scale enterprises, making insurance a vital tool for safeguarding livelihoods and businesses.
Otti welcomed plans to launch the Insurance Penetration Initiative in the state and pledged the support of his administration towards encouraging wider participation among residents.
He further reaffirmed his government’s readiness to collaborate with stakeholders in the insurance sector on programmes aimed at promoting financial security, economic stability and inclusive growth.
Speaking earlier, Ezeibe disclosed that the council was in Abia for the 2026 Insurance Chief Executive Officers’ Retreat and the formal launch of the Insurance Penetration Initiative.
She explained that Abia was selected as the pilot state because of Otti’s development-driven leadership and his understanding of economic and financial issues.
Ezeibe also commended the administration’s achievements in infrastructure, security, electricity supply and economic revitalisation, particularly in Aba, describing the state as a model for sustainable development.
Also speaking, the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission, Olusegun Ayo Omosehin, praised the governor’s developmental efforts and described Abia as a strategic economic and industrial hub.
He highlighted the role of insurance in supporting business continuity, financial inclusion and consumer protection, while also drawing attention to key provisions of the Nigerian Insurance Industry Reform Act 2025, including enhanced protection for policyholders.
Omosehin assured the state government of NAICOM’s support in advancing insurance awareness and adoption, describing the NCRIB initiative as an important step toward strengthening economic resilience.
The meeting was attended by several government officials, including Emmanuel Meribole, Caleb Ajagba and Darlington Nwokocha.