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Tag: micro-insurance

CBN, experts advocate collaboration on micro-insurance

CBN, experts advocate collaboration on micro-insurance

Insurance
The Central Bank of Nigeria (CBN) and financial sector experts have called for stronger collaboration among microfinance banks (MFBs) to promote the growth of micro-insurance as a tool for deepening financial inclusion. Making this call in Lagos at the 6th annual symposium of the Nigerian Microfinance Platform (NMP) organised by the Microfinance Learning and Development Centre (MLDC) on ‘Expanding The Frontiers of Financial Inclusion: the Micro-insurance Option’, the experts noted that MFBs are instrumental to the expansion of micro-insurance services among the populace. Addressing participants at the symposium, Deputy Governor, Financial Sector Surveillance, CBN, Aisha Ahmad, said there was the need for a collective strategy to re-emphasize the importance of micro-insurance as ...