Stakeholders in the insurance and pension industry have been urged to play active roles in financing sectors that are critical to Nigeria’s industrialisation and economic growth.
Speaking at the 9th Nigerian Association of Insurance and Pension Editors (NAIPE) conference in Lagos, the Chief Investment Officer of Access ARM Pensions, Wale Okunrinboye, said that there is a need for pension funds, insurance operators and other key financial stakeholders to collaborate with the government to achieve Nigeria’s ambitious goal of achieving a $1 trillion economy.
Okunrinboye stressed that countries transitioning from underdeveloped to developed economies typically undergo a robust phase of industrialisation, followed by the growth of high-service sectors.
Sadly, Nigeria, like many sub-Saharan African nations, has largely bypassed the industrialisation phase, relying heavily on the services sector.
This…
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