An official, Mr Johnson Adedapo, said in Lagos on Sunday that the colloquium would focus on the over 40 million excluded Nigerians from the financial net. Adedapo said: “Inadequate financial education has prevented many active and working population in Nigeria from contributing maximally to national development through insurance and banking. “The colloquium is part of efforts to ensure that the 40 million financially excluded are included through persistent insurance education. Among the challenges confronting insurance industry to be addressed are negative perspectives, customers and religion. “The 2016 Insurance Industry Consultative Council (IICC) has revealed that less than three million Nigerians possess insurance.

Source: The Guardian September 30, 2018 15:00 UTC