Recapitalisation empowers insurers to protect manufacturing sector — Report
The report stated: “The implementation of enhanced capital requirements under the Nigeria Insurance Industry Reform Act (NIIRA) 2025 is now expected to change the landscape by strengthening the financial capacity of local insurance companies.
By Rosemary Iwunze Following the conclusion of the insurance industry recapitalisation exercise, the sector is now expected to protect Nigeria’s manufacturing sector against costly industrial risks.
The report stressed that, over time, a stronger insurance industry should provide manufacturers with more reliable risk protection, greater investment confidence and a firmer foundation for industrial expansion.
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