Chairman of the Nigerian Exchange Group, Dr Umaru Kwairanga, has called for stronger collaboration between Nigeria’s capital market and insurance industry to accelerate economic growth.
Kwairanga made the appeal on Friday during the investiture of Mr Akinjide Orimolade as the 53rd President of the Chartered Insurance Institute of Nigeria (CIIN).
He said stronger cooperation between both sectors was essential to mobilise long-term capital, deepen financial inclusion and support Nigeria’s sustainable economic development.
According to him, collaboration across Nigeria’s financial ecosystem has become increasingly important as the country pursues inclusive and sustainable economic growth.
He urged stakeholders to strengthen resilient institutions, promote innovation, embrace technology and develop products meeting the changing needs of individuals, businesses and investors.
Kwairanga said stronger institutional partnerships would encourage knowledge sharing, drive innovation and create practical solutions that enhance economic resilience and national prosperity.
He said: “The insurance industry and the capital market share a common purpose.
“Together, we mobilise long-term capital, manage risk, deepen financial inclusion and create the confidence necessary for businesses to invest and economies to grow.
“As Nigeria pursues sustainable economic development, stronger collaboration across our financial ecosystem has become more important than ever.
“We must continue to build resilient institutions, encourage innovation, embrace technology and create products and services that meet the evolving needs of individuals, businesses and investors.”
Kwairanga reaffirmed the Nigerian Exchange Group’s commitment to initiatives that deepen the capital market, improve access to finance and strengthen investor confidence.
He congratulated Orimolade on his election, describing it as recognition of his dedication, professional excellence and the confidence reposed in him by insurance practitioners.
Kwairanga said every leadership transition offered institutions an opportunity to review past achievements while renewing commitment to future growth and organisational development.
He praised CIIN for consistently promoting professionalism, ethical standards, capacity building and public confidence within Nigeria’s insurance industry over many years.
According to him, the institute’s sustained contributions have strengthened one of the country’s most important pillars within the financial system.
Kwairanga expressed confidence that Orimolade would strengthen professional standards, nurture future insurance leaders and expand the insurance industry’s contribution to Nigeria’s economic transformation.
He also commended CIIN members for their commitment to professional excellence, saying their efforts continued to strengthen public trust and protect the interests of millions of Nigerians.
