{"id":72286,"date":"2025-08-06T10:08:19","date_gmt":"2025-08-06T10:08:19","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=72286"},"modified":"2025-08-06T10:08:19","modified_gmt":"2025-08-06T10:08:19","slug":"new-insurance-act-will-boost-economic-growth-naicom","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/08\/06\/new-insurance-act-will-boost-economic-growth-naicom\/","title":{"rendered":"New Insurance Act Will Boost Economic Growth -NAICOM"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>The National Insurance Commission (NAICOM) says the newly signed Nigerian Insurance Industry Reform Act (NIIRA) 2025 will strengthen the sector\u2019s role in driving economic growth.<\/p>\n<p>In a statement on Tuesday, NAICOM said the law, recently signed by President Bola Tinubu, would enhance the sector\u2019s contribution to the country\u2019s GDP and improve regulatory oversight for insurers and reinsurers.<\/p>\n<p>Presidential aide Bayo Onanuga confirmed the signing, noting that the Act aims to improve supervision, transparency, and investor confidence.<\/p>\n<p>Describing the Act as a major milestone, NAICOM said it will reposition the industry, increase competitiveness, and support Nigeria\u2019s long-term development goals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith The National Insurance Commission (NAICOM) says the newly signed Nigerian Insurance Industry Reform Act (NIIRA) 2025 will strengthen the sector\u2019s role in driving economic growth. In a statement on Tuesday, NAICOM said the law, recently signed by President Bola Tinubu, would enhance the sector\u2019s contribution to the country\u2019s GDP and improve [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":72287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-72286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=72286"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72286\/revisions"}],"predecessor-version":[{"id":72288,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72286\/revisions\/72288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/72287"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=72286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=72286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=72286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}