Cooperative societies, the incumbent President of the Chartered Insurance Institute of Nigeria (CIIN), Edwin Igbiti, delivered a compelling message underscoring the imperative for cooperative societies and clubs to integrate insurance into their operational frameworks. Speaking at the fundraising and investiture ceremony of the 46th President of Yaba Lions Club District 404-A3 in Lagos, Igbiti passionately stressed the pivotal role of insurance as a mitigating factor against potential losses during crises.
In his articulate discourse, Igbiti contended that insurance stands as a linchpin for fostering economic growth, asserting that the government should strategically leverage it as a tool to de-risk the economy. Expounding on the multifaceted benefits of insurance, he explicated how it not only facilitates investment but also plays a crucial role in encouraging business continuity. Igbiti went on to elucidate that by shouldering the burden of risk management, insurance empowers entrepreneurs to concentrate on the strategic aspects of their enterprises.
The newly inaugurated President, Mr. Ogbuefi Mike Nwabudike, used the occasion to appeal for financial support to address pressing societal issues. With an earnest plea, Nwabudike underscored the Yaba Lions Club’s commitment to initiatives targeting diabetes, hunger, cancer, sight care, job employment, and various humanitarian efforts. Demonstrating a keen awareness of the collective responsibility, he implored attendees to contribute financially to overcome these challenges that afflict their communities, cooperative societies.
Furthermore, Nwabudike directed attention to the youth, emphasizing the critical need for the government to create job opportunities. In his view, gainful employment not only provides financial stability but also contributes significantly to elevating the overall standard of living within the community. Through a well-articulated message, he called on the government to consider the impact of meaningful employment in enhancing the socio-economic fabric of the society.
Conclusion: cooperative societies
The tandem addresses by Igbiti and Nwabudike at the ceremony highlighted the symbiotic relationship between insurance, economic growth, and societal well-being. Their messages resonated with a call for collective action, emphasizing the importance of financial support in addressing both economic and humanitarian challenges.
Source: guardian.ng
