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FG Plans Mass Insurance Cover for Nigerians

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Nigerian insurance industry

By Adedapo Adesanya

The federal government is planning an initiative to provide financial protection for millions of Nigerians currently without insurance coverage.

The initiative, which marks the first major implementation phase of the recently signed Aso Accord, brings together the nation’s top financial and insurance regulators in a collaboration to transform Nigeria’s insurance landscape.

Speaking at a roundtable meeting on Tuesday, Deputy Chief of Staff to the President (Office of the Vice President), Mr Ibrahim Hassan Hadejia, said outcomes of the roundtable will be presented to the National Economic Council (NEC).

He explained that financial inclusion through insurance was an economic imperative that would have exposed many to financial coverage.

“This marks the first time insurance is being formally recognised as a critical financial service in Nigeria’s economic framework. We cannot build a resilient economy while leaving millions of our citizens financially exposed.

“Financial inclusion, particularly through insurance access, serves as the crucial driver that will propel Nigeria toward sustainable economic growth,” he added.

On his part, the Deputy Commissioner Technical at the National Insurance Commission, Mr Jankara Usman, outlined the transformative potential of the initiative for Nigeria.

Mr Usman quoted World Bank data that paints a stark picture of financial vulnerability in the region, revealing that only two out of five adults in sub-Saharan Africa can raise $35 within 30 days.

“Through inclusive insurance, we can provide tailored, affordable products that promote financial readiness and advance social well-being. In Nigeria, insurance penetration remains at a concerning 3.3 per cent, significantly below global standards,” he said.

On his part, the Technical Advisor to President Tinubu on Economic and Financial Inclusion, Mr Nurudeen Zauro, said the meeting demonstrates President Bola Tinubu’s administration’s commitment to the insurance sector.

“The government has established a monitoring framework to ensure effective implementation of the decisions made during the roundtable, with a specific focus on forming specialised committees for financial control, developing risk management programmes for smallholder farmers, fostering public-private partnerships, strengthening inter-agency collaboration and simplifying processes for innovative insurance products.”

Proposals produced by the roundtable aimed at expanding insurance access in the country, include enabling insurance purchases through mobile phone airtime, development of specialised micro-insurance products for low-income earners, integration of blockchain technology for insurance delivery and creation of digital platforms specifically for agricultural insurance coverage.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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NBA Elects Oyinkansola Badejo-Okusanya as Second Ever Female President

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Oyinkansola Badejo-Okusanya

By Adedapo Adesanya

The Nigerian Bar Association (NBA) has elected Mrs Oyinkansola Badejo-Okusanya, a Senior Advocate of Nigeria (SAN), as its next president after she polled the most votes when voting officially ended on Sunday morning.

‎Mrs Badejo-Okusanya, the only female among the three presidential candidates, polled 12,317 votes to emerge the winner of the election, which was held through electronic voting for 24 hours, from 7:35 am on Saturday to 7:34 am on Sunday.

‎She defeated her two challengers, polling 47.18 per cent of the 26,106 ballots cast in the presidential election, based on the final tally. Her closest challenger, Mr Lateef Akangbe (SAN), garnered 7,934 votes, representing 30.39 per cent of the total votes cast, while the third candidate, Mr Olumuyiwa Akinboro (SAN), polled 5,855 votes, representing 22.43 per cent, to emerge third in the contest.

The Electoral Committee of the NBA (ECNBA) Chairman disclosed that a total of 26,106 votes were recorded for the highly disputed presidential election.

With her victory, Mrs Badejo-Okusanya will become the 33rd President of the legal association, successfully re-enacting a 34-year-old history as the second female to lead the NBA since its formation in 1933.

Meanwhile, Mr Afam Okeke was elected General Secretary of the legal body, having polled a total of 8,478 votes to defeat his opponents.

All the elected officials will be in office for two years, spanning 2026 to 2028.

The NBA president-elect was absent when the results of the election were announced at the NBA headquarters in Abuja. A member of her campaign team, Mr Aminu Gadanya (SAN), revealed that she had a flight delay and declared her resolve to extend a “handshake of friendship” to all the aggrieved candidates.

In his remarks after the results were announced, the outgoing President of the NBA, Mr Afam Osigwe (SAN), noted that the election faced several challenges, including a cyberattack that almost derailed the electoral process.

“Many went to great lengths to truncate the electoral process. They maligned the process with their utterances, but we held firm. Every effort to derail the process failed,” Mr Osigwe stated.

He urged the winners to be magnanimous in victory, warning that they should celebrate moderately.

“This is a trying time for the Bar. Many people may still go to great lengths to rubbish the association. However, this is a time for healing. At the end of the day, let the Bar be the winner,” he added.

He said the ECNBA would carry out an in-depth analysis, especially of the challenges encountered, so as to come up with recommendations that will engender greater confidence in the association’s electoral process.

“The cyberattack shows that we must do more, not only for data protection, but to protect our electoral integrity. We must insulate our electoral process from such activities.

“Someday the story will be told of how the ICT system had to be rebuilt and moved to a safer server to ensure that the election was held.

“The Bar must always protect its independence and eternally determine the course of its electoral process,” the outgoing NBA President added.

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Digital Switchover: NBS, NigComsat Train Installers in Ibadan

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Charles Ebuebu DG NBC Train Installers Digital Switchover

By Modupe Gbadeyanka

Over 50 skilled technicians drawn from various states across the South-West region of Nigeria converged on Ibadan, Oyo State, on Friday for a comprehensive technical and sensitisation training programme for set-top box installers and associated reception equipment technicians.

This training was organised by the National Broadcasting Commission (NBC) in partnership with the Nigerian Communications Satellite Limited (NIGCOMSAT) to guarantee a smooth, efficient, and error-free rollout of Nigeria’s digital broadcasting migration.

Nigeria’s journey toward digital terrestrial television has spanned nearly two decades. The country formally adopted the digital switchover policy in 2008 in line with the International Telecommunication Union’s (ITU) 2006 global mandate, which set a June 2015 deadline for member states.

Successive missed targets in 2017 and beyond stemmed from funding constraints, policy inconsistencies, infrastructure gaps, and logistical challenges. While pilot projects were implemented in Plateau, Lagos, Kano, Enugu, Kwara, Osun, Kaduna, and the Federal Capital Territory, nationwide coverage remained a distant goal.

After substantial public investment exceeding N60 billion with limited results, the federal government unveiled a bold, renewed strategy in 2025 titled The Big Picture on June 17, 2026, with a firm analogue switch-off date set for December 31, 2028.

The new framework introduces a hybrid broadcasting model that intelligently combines Digital Terrestrial Television (DTT), Direct-to-Home (DTH) satellite delivery via NIGCOMSAT-1R, and Internet Protocol (IP)-based distribution.

By prioritising satellite technology, Nigeria leverages its sovereign satellite assets to significantly reduce dependence on expensive terrestrial transmission infrastructure. This approach is projected to accelerate digital television rollout by over 65 per cent while delivering near-instantaneous national coverage.

The Head of the Digital Switchover (DSO) unit and Deputy Director of Public Affairs at the NBC, Mrs Clementine Usman-Wamba, noted that the Ibadan session is the first of many planned across Nigeria’s geopolitical zones.

The Ibadan training directly addresses the technical demands of this hybrid ecosystem. Installers will be equipped with skills in satellite dish alignment for DTH, terrestrial antenna optimisation for DTT signals, and the configuration of hybrid reception devices.

Given the significant departure from analogue systems and earlier pilots, this sensitisation is essential to minimise installation errors, reduce service disruptions, and ensure that even households in rural and underserved communities can enjoy seamless access to superior digital broadcasts.

The FreeTV platform, built on open-standard DVB-S2 technology, will offer up to 100 free-to-air high-definition channels to an estimated 40 million television households across the country.

For terrestrial reception, Nigeria has adopted the advanced DVB-T2 standard with MPEG-4 AVC compression, which supports up to 20 channels per frequency—far more efficient than previous systems.

Consumers can access the service using affordable DVB-S2-compatible set-top boxes (priced between N15,000 and N25,000) or smart TVs with built-in DVB-T2 digital tuners.

Beyond technical excellence, the DSO represents a major national economic transformation project. The reallocation of broadcast spectrum (the “digital dividend”) will unlock new opportunities in telecommunications and broadband services. The advertising market is projected to expand by up to N605.2 billion, while local manufacturing and assembly of reception equipment is expected to generate over 20,000 jobs.

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NIMASA Launches Blue Economy Accelerator for Maritime Startups

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Nigeria Blue Economy

By Adedapo Adesanya

The Nigerian Maritime Administration and Safety Agency (NIMASA) has introduced the Blue Economy Accelerator Programme, a strategic initiative to identify, nurture, and accelerate innovative startups that will contribute to the sustainable growth of Nigeria’s marine and blue economy.

The Blue Economy Accelerator Programme is aimed at attracting young, vibrant minds with innovative ideas capable of transforming Nigeria’s maritime ecosystem.

The Director-General of NIMASA, Mr Dayo Mobereola, said that through the initiative, participants will receive structured business development support, industry mentorship, and technical guidance to convert promising concepts into viable ventures that address critical challenges and opportunities within the blue economy.

“The programme reflects NIMASA’s commitment to supporting the implementation of the vision of the Federal Ministry of Marine and Blue Economy in unlocking the immense potential of the blue economy by empowering young innovators, entrepreneurs, and technology-driven enterprises. We at NIMASA want to provide a platform for investors to identify young talents and invest in them,” he said.

The NIMASA DG commended the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, for codifying the Marine and Blue Economy Policy as a clear roadmap for the sector’s development and also urged young Nigerians to embrace the programme, which has the potential to transform raw talents into big investments in the maritime sector.

Applications are open to startups and innovators developing solutions across several strategic sectors, including marine waste management and the blue circular economy; aquaculture And sustainable fisheries; maritime technology and logistics innovation; ocean energy including wave, tidal, and offshore renewable energy; marine tourism and coastal recreation; marine biotechnology such as, ocean data and analytics; green Shipping, including vessel decarbonization; smart port solutions; autonomous marine vehicles; biofouling prevention technologies; and coastal resilience through nature-based coastal defence solutions.

The first phase of the programme is expected to attract a minimum of 150 high-quality applications from within and outside the country, provided they are Nigerian citizens.

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