Health
Initiative Launched To Make Insurance More Affordable And Relevant For Nigerians
FSD Africa and Nigeria’s National Insurance Commission (NAICOM) have partnered to launch BimaLab, an accelerator programme designed to boost the development and adoption of digital solutions for the insurance sector.
BimaLab Nigeria aims to address gaps in the insurance market by educating, nurturing, and promoting innovators and Insurtech start-ups. The programme will borrow from Kenya’s BimaLab I, BimaLab II and global best practices with a focus on local experience to provide Nigeria with the most competitive and attractive start-up accelerator programme.
Ten companies will be selected to participate in the ten-week programme that will provide them with the expertise, resources, and support to develop and scale market-ready solutions that bring social and/or commercial value to Nigeria’s insurance sector.
Across the continent, little knowledge of the insurance industry coupled with low income has affected the rate of insurance penetration in the mass market. Yet, a recent report by Deloitte indicates that affordable insurance products play a crucial role in mitigating the effects of negative financial shocks and in doing so reducing financial vulnerability.
To widen insurance coverage, FSD Africa has recently rolled out a similar accelerator programme in Ghana (InnoLab). The solutions being supported through the accelerator programmes will be expected to also speak to the needs of populations beyond their borders of origination.
Among the success stories from previous BimaLab Accelerator, programmes include Bismart, a Kenyan insurance agency that has partnered with Britam to launch a short-term school fees insurance cover called Elimu Smart. The cover protects school-going children from dropping out of school in the event their parent or guardian becomes critically ill or dies, safeguarding the future of the children even in cases of incidents.
Commenting on the launch of the BimaLab Accelerator Programme:
Kelvin Massingham, Director – Risk and Resilience, FSD Africa said:
“We believe that this programme will enhance the development of a vibrant ecosystem of start-ups; through collaboration with corporate partners, investors and research institutions to accelerate and scale innovation in the insurance industry in Nigeria. We have successfully implemented the programme in Kenya and are commencing the same in Ghana.”
Mr Thomas Olorundare Sunday, Commissioner for Insurance/CEO National Insurance Commission (NAICOM) said:
“As a key driver of change in the financial sector, innovation has led to immeasurable efficiency and gains. Even though these changes can sometimes be accompanied by uncertainty and hesitation, there is evidence of great success. I do not doubt that with such collaborations, Nigeria is set to be a successful case study on insurance innovation across the continent.”
Ben Llewellyn-Jones, UK’s Deputy High Commissioner in Lagos said:
“As a result of Covid-19’s negative impact and the resulting need for improved resilience against economic shocks, innovative insurance becomes increasingly important in addressing emerging vulnerabilities among businesses and households.
The UK government has long been enthusiastic about leveraging technology and innovation as major vehicles for making an impact and supporting the Nigerian government so the partnership between UK Aid funded FSD Africa and the National Insurance Commission (NAICOM) is crucial in fostering the development of an Insurtech ecosystem that focuses on growth, inclusion, and strategic alliances.”
Applications for BimaLab Nigeria are now open on https://bimalab-nigeria.azurewebsites.net/. The deadline for submission is 23 February 2022.
Health
Enhancement of Military Health Services: Matawalle Meets U.S. Deputy Assistant Secretary of Defence for Health
In a significant move to bolster Defence Health Services and strengthen the partnership between the United States and Nigeria, the Minister of State for Defence, H.E. Dr. Muhammad Bello Matawalle, met with a U.S. delegation led by Dr. David Smith, Deputy Assistant Secretary of Defence for Health.
A statement endorsed by Henshaw Ogubike, director of Information and PR at the Ministry, shows that the the meeting focused on enhancing the existing collaboration in defence health between the two nations, which has previously facilitated the establishment of high-tech laboratories in Nigeria.
The Honourable Minister commended the U.S. for their efforts and urged for the expansion of these medical facilities beyond Abuja and Lagos to reach more derserved regions.
Dr. Matawalle emphasized the strategic integration of health services to improve the welfare of the Armed Forces of Nigeria, stating, “A healthy military is the backbone of a strong nation.” He reiterated the government’s commitment to ensuring that military personnel have access to top-tier healthcare services and facilities. To this end, he called for an increase in the defence budget allocated to health, viewing it as a vital investment in the nation’s future and stability.
Furthermore, the Minister highlighted that these initiatives align with Nigeria’s broader commitment to enhancing military readiness while addressing public health challenges that affect both service members and the civilian population. He noted that President Bola Ahmed Tinubu’s administration is dedicated to improving healthcare for military personnel and civilians, recognizing healthcare as a cornerstone of national security.
In his remarks, the Permanent Secretary of the Ministry of Defence, Dr. Ibrahim Abubakar Kana mni, stated that this initiative would positively impact military health and serve as a model for strengthening Nigeria’s overall healthcare system. “This collaboration marks a turning point for Nigeria’s defence health system,” he asserted.
Dr. Smith praised the Minister for his proactive approach to health readiness, underscoring the critical connection between health systems and military effectiveness. “Health is as crucial as any weapon system in ensuring military success, and we are committed to supporting Nigeria’s efforts to enhance its defence health system,” he remarked.
The U.S. delegation is in Nigeria to further advance initiatives aimed at sustaining progress against HIV, accelerating efforts towards the United Nations’ 95-95-95 goals, and working towards the elimination of HIV as a public health threat by 2030.
Health
Neptune Prime publisher to unveil cancer clinic, school, foundation for late journalists’ families as son weds in Yobe
The publisher of Neptune Prime newspapers, Dr Hassan Gimba, has announced plans to commission three major projects in his home state, Yobe State
In an invitation letter sent to newsmen on Wednesday, the publisher disclosed that the event, which is scheduled to take place on August 31, is coinciding with the wedding Fatiha of his son, Barrister Suleiman Gimba.
According to the letter, the wedding Fatiha will take place by 11:00am at the residence of Mohammed Babate, Behind Water Board, Army Barracks, Potiskum.
“Immediately after the wedding Fatihah, we will be commissioning the Hafsatu Gimba Ahmed Memorial School located at VIO Street, Unguwar Jaji, Potiskum.
“This institution is dedicated to the memory of my late mother, aiming to serve the educational needs of our community,” the letter noted.
Dr Gimba added that as part of the launch programme, the Abubakar Monja Lifeline Foundation for Late Journalists’ Families, which he founded to cater to the families of journalists who have passed away, will be empowering youths it trained in tailoring and plumbing.
“Additionally, I would like to invite you to inspect the ongoing construction of the Lami Fatima Babare Cancer Outreach and Clinic situated nearby, also in Unguwar Jaji.
“The clinic is an initiative of the Lami Fatima Babare Cervical Cancer Foundation, which was founded in 2020 – in memory of my late wife, Lami Fatima Babare – to provide medical services and referrals to cancer patients,” the letter noted.
The Enugu State Government has announced its intention to revamp the existing infrastructural facilities to give the Enugu State College of Health Technology in Oji River a face-lift and also scale-up institution to a technology-savvy citadel of learning.
The government made this known during a meeting with the management, staff, and students of the institution at the Enugu State Government House at the weekend, stressing its commitment to ensuring quality health service delivery in the state.
The government, which made this known through the Special Adviser on Health Matters, Dr. Yomi Jaye, also asked the students of the institution to go back to school and continue with their academic calendar, as all those involved in the recent breach of security in the school’s neighborhood had been rounded up and now facing the law.
The governor equally gave the college management a two-week ultimatum to develop a workplan, which the government would work on to ensure that the school functions at its optimum level.
Briefing Government House correspondents after the meeting, Dr. Jaye said, “We interacted with the management, staff and students of the Enugu State College of Health Technology, Orji River, to come up with a strategic plan to revamp the college and restore its lost glory.
His Excellency, Governor Peter Mbah, has expressed his willingness not only to revamp the school, but to upscale it to a technology-savvy teaching community.
“As you can see, the government is bullish about building Type-2 Healthcare Centre in each of the 260 wards and this college will produce some of the qualified workers that will deliver quality healthcare services to Ndi Enugu.
“We appeal to the parents and guardians to allow the students to go back to school and resume their academic activities as more security personnel have been deployed to make sure that both Oji River and its neighbouring communities are properly secured.
“It is also important to inform you that those who perpetrated the security breach have since been arrested and the victims, which included one student, also freed,” he maintained.
Also speaking, the Provost of the College, Dr. Lazarus Ezugwu, expressed his happiness over the state government’s move to revamp the institution, saying he was optimistic that the glory of the institution would be restored in no distant time.
When commending Governor Peter Mbah and the security agencies for their swift response to the recent security breach at the College, he also confirmed that security had been strengthened around the institution and Oji River in general.
“The meeting is such a commendable one. It goes a long way in telling us the type of visionary leader we have in the state. To be sincere, the total overhaul that will be done in the college is going to be enormous. What is coming to the college cannot be imagined because the governor has shown both special interest and political will. This is what we have been yearning for, for so many years,” Dr. Ezugwu stated.
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