National News
FSD Africa, NAICOM Partner on BimaLab

FSD Africa, NAICOM Partner on BimaLab
By: Michael Mike
Financial Sector Deepening (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.
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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.”
On his part, Commissioner For Insurance/CEO National Insurance Commission (NAICOM), Mr. Thomas Olorundare Sunday, 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 have no doubt that with such collaborations, Nigeria is set to be a successful case study on insurance innovation across the continent.”
UK’s Deputy High Commissioner in Lagos, Ben Llewellyn-Jones, in his comment, 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 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.”
Meanwhile applications for BimaLab Nigeria are now open on https://bimalab-nigeria.azurewebsites.net/. The deadline for submission is 23 February 2022
FSD Africa, NAICOM Partner on BimaLab
National News
Chieftaincy dispute causes chaos in Muye village in Niger

Chieftaincy dispute causes chaos in Muye village in Niger
By: Zagazola Makama
A renewed chieftaincy tussle in Muye village, Lapai Local Government Area of Niger State, has sparked violent confrontations between rival supporters, prompting swift intervention by security operatives.
Zagazola Makama gathered that the crisis began around 6:20 p.m. on Thursday when the deposed village head, Alhaji Mohammed Abdulkadir Maigari II, forcefully returned to Muye and broke into the palace.
The incident provoked tension among residents, especially after supporters of the current Dakachi confronted the deposed monarch. The situation was immediately brought under control by a team of security personnel from Lapai.
However, Zagazola learnt that the situation escalated on Friday morning when supporters of both camps clashed again, leading to a free-for-all fight that disrupted public peace in the community.
Security sources were swiftly deployed to Muye to restore normalcy.
“The combined security teams have brought the situation under control. Monitoring and surveillance operations are ongoing to prevent further breakdown of law and order,” the source said.
No casualties or arrests have been officially confirmed as of the time of filing this report.
Chieftaincy dispute causes chaos in Muye village in Niger
National News
Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony

Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony
By: Michael Mike
Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress.
The advice was given by the Director General of the Institute for Peace and Conflict Resolution (IPCR), Dr. Joseph Ochogwu, in his message on Eid-el-Kabir.
The Institute, while extending warm greetings to Nigerians, wished them a joyous and peaceful celebration, marked by love, compassion, and unity.
The Institute while noting that Sallah is a significant occasion in the Islamic calendar, symbolizing the values of sacrifice, gratitude, and community, emphasized that the spirit of Sallah should guide Nigerians in their interactions with one another, fostering a culture of peace, tolerance, and understanding.
The IPCR urged Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress, while
encouraging individuals to embrace the values of Sallah, including forgiveness, empathy, and kindness, in their daily lives.
According to IPCR, peace is critical to promoting national stability and cohesion.
The Institute also urged Nigerians to use this period of Sallah celebration to address conflicts and promote dialogue, which could help to build trust and understanding among Nigerians and also contribute to a more peaceful society.
It recognized that the country’s many ethnic and religious groups can work together to build a more harmonious society, celebrating their differences and promoting a culture of tolerance.
End
National News
Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing

Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing
By: Michael Mike
A community leader and the Waziri Mushere of Bokkos Local Government Area of Plateau State, Chief Yohana Margif has expressed dismay over the incessant killing of innocent citizens of the community.
Margif made this known in an interview with journalists on Thursday in Abuja.
He called on President Bola Tinubu to urgently intervene to halt what he described as genocide against the people, which he said was being perpetrated by suspected herdsmen.
Margif also called on Malam Nuhu Ribadu, the National Security Adviser, and other security chiefs in the country, to rein in the alleged culprits.
He said: “I would like to draw the attention of the topmost leadership in Nigeria to the deteriorating dire security situation in Plateau, particularly in Mushere Chiefdom of Bokkos LGA.
“I urge President Tinubu to take immediate decisive action to halt these endless and senseless killings, protect lives and properties, and secure the future of the Mushere people, and other victims of obvious genocide against the people.
“Herdsmen are killing our innocent people, burning their homes, looting their foodstuff, property, livestock, and taking over their ancestral lands,” he said.
According to the Abuja-based real estate mogul, the attacks and attendant killings have intensified recently since the onset of this year’s farming season.
Margif further said that the people had been displaced from their villages and ancestral homes and were forced to become internally displaced persons in the country.
He emphasised that the situation required immediate intervention by all stakeholders in order to prevent further escalation and inflict an irredeemable harm by wiping out the entire community from the surface of the earth.
He lamented that: “Since President Tinubu’s administration began, Plateau State has witnessed an unprecedented escalation of violence and loss of lives.
“This is the current sad reality. Our people are constantly under the threat of the enemy’s bullets and can’t sleep with two eyes closed due to the perpetual unleashing of violence against them by external forces.
“Something urgent must be done to stem the tide of violence and end this war against the people in order not to
harm this administration’s reputation,” Margif said.
In the past couple of days, suspected herdsmen militia killed no fewer than 35 people in the localities of Hokk, Pangkap, Fokoldep, Kopmur, Margif, Horop, Mbor, Mushere and Kwahas localities in Mushere Chiefdom.
Chairman, Bokkos Community Peace Observers, Kefas Mallai, who confirmed the killings to newsmen, said the victims included a 70-year-old Pastor of COCIN LCC Kwakas-Mushere, Mimang Lekyil, who was attacked and killed in the church.
He said that the pastor’s wife was also shot in the leg and was admitted at the Jos University Teaching Hospital for treatment, he said.
“Bokkos has never been this insecure, with the people being butchered as we are currently witnessing,” Lilian Madaki, from the Mushere community told journalists.
The Commissioner of Police in the state, Emmanuel Adesina, also confirmed the incident in a statement saying security forces including police and military personnel, had been deployed in the affected communities.
Community Leader Seeks Tinubu’s Urgent Intervention in Incessant Plateau Killing
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