His
Excellency, President Adama Barrow, has reiterated the need to sensitize
Africans, Gambians in particular about the importance of insurance.
He
made this remark during a courtesy call by Board members and Commissioners of
the West African Insurance Companies Association WAICA at his Fajara
office.
President
Barrow noted that insurance should cover everyone and everything as is the
practice in developed countries.
Citing
the composition of the membership, President Barrow said he was impressed with
what he described as “an African family in solidarity.”
He
recalled how The Gambia benefited from such African solidarity during the
political impasse after the 2016 Presidential elections.
The
Gambian President said the New Gambia welcomes all and creates a new
environment for people to invest.
He
urged those in the Insurance sector to invest in The Gambia.
He
observed the cross-generational membership of WAICA as a demonstration of
seriousness to encourage the young ones.
Another
observation of the membership was that the past presidents of WAICA members
continue to serve in its board, and President Barrow concluded that “when
appointed as President and you serve well you remain President”.
The
current President of WAICA, Mr Rotimi Fashola, congratulated President Barrow
and prayed for guidance in his engagements.
He
noted that WAICA has come a long way and will continue to contribute to the
Insurance sector education.
Mr
Fashola said WAICA League focuses on insurance education to the grassroots to
reach a large number of people to accept the insurance concept.
He
argued that the Insurance sector contributes to employment creation and
economic growth in The Gambia.
It
was also noted that the Insurance regulators would work together to have laws
that will guide the sector across the member countries.
In
his introduction, the secretary general and spokesperson of WAICA, Mr William
Coker, said the visit was part of the 39th anniversary celebration of their
association and made an appeal for it to continue to let WAICA benefit from
government subvention.
The
delegation of 16 members from Nigeria, Liberia, Sierra Leone, Ghana and The
Gambia was accompanied by the Gambian Minister of Interior, Hon. Mai Ahmad
Fatty, who is overseeing the Ministry of Finance and Economic Affairs.
Source:
Office of the President
