Nigeria’s insecurity situation sending away foreign investments, says NCRIB

The brokerage fraternity of the insurance sector, the Nigerian Council of Registered Insurance Brokers (NCRIB) has joined their voice to condemn the level of insecurity in the country, as well as it negative impact on economy and business.

The body said that the situation is sending away foreign investments that should have come into the country, while calling on authorities to take urgent steps to address this problem.

Bola Onigbogi, president of NCRIB said during the Council’s Members Evening in Lagos that “as a critical player in the national economy, the onus is on the NCRIB to express grave discomfort about the increasing spate of insecurity in the country, in spite of government’s efforts to improve ease of doing business and reflate our national economy.”

She noted that there is hardly a day that passes by without reported cases of kidnapping, terrorism and other criminal cases that is fast making our country dreadful to live in.

This she stated has reached a preposterous dimension and is adversely affecting the pace of economic growth as genuine foreign investors are scared putting their monies into the economy.

Since there is a correlation between insurance and economic growth. It is most auspicious for the NCRIB to join its voices to the need to call on government to more to combat security challenges in the country.

“We are using this medium to call on federal government to overhaul its security apparatus while at the same time enhancing collaboration with governments and institutions both within and outside the country to put an end to this menace.”

For instance, the National Orientation Agency (NOA)should be rejiged and repositioned to conscientize Nigerians continually on the need for them to be their brothers’ keepers by breaking down belief systems, be they religious or cultural, militating against peaceful coexistence and sanctity of human lives.

Also, we implore government to join the league of developed Countries of the world who have resorted to using Information Communications Technology (ICTs) to combat crime. It is not out of place for the federal, states and local governments to deploy the use of CCTV in all towns and cities in the country. “This device would assist the law enforcement agencies to keep better tap on criminal activities throughout the country.”

 

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