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Home Companies Company News

Insurance Stocks Watch: FG Will Release N11billion For Insurance Premium For Workers

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 19, 2013
in Company News
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Insurance Premium

The Federal Government has concluded arrangements to release N11bn for the payment of premium on the Group Life Insurance policy for its workers nationwide.

The Head of Civil Service of the Federation, Alhaji Goni Aji, disclosed this to our correspondent in an exclusive interview on Monday.

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The announcement will gladden the hearts underwriters, who have been nursing fears that six months into the year, the Federal Government, which is their biggest customer, may not be able to insure its workers for 2013.

Aji also told our correspondent that the government was ready to pay the outstanding N7bn premium for the insurance of its workers for 2011 and 2012.

 

FG to pay N11bn insurance premium for workers

Tags: Financial ServicesNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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