The National Insurance Commission (NAICOM), has signed a memorandum of Understanding MOU) with the Ministry of Youth Development to train 1,000,000 Nigerian youths under a programme tagged, "One Million Youths in Insurance".
The Commission said the programme is in line with the project of President Bola Ahmed Tinubu to create more jobs and empower youths.
The programme, to be hosted through the Nigerian Youth Academy digital platform, aims to arm Nigerian youths with knowledge and best practices for them to be able to participate in insurance, boost youth entrepreneurship by offering financial protection and peace of mind, create employment across the 774 local government areas by providing another channel of opportunities for youths.
According to NAICOM, the programme will also promote insurance awareness on social media and other platforms, boost the insurance industry in Nigeria with an impact across other sectors, and accelerate meeting Nigeria’s financial inclusion goals.
Youths make up over 60% of Nigeria’s population.