Nigeria’s insurance sector is undergoing a major overhaul. The Federal Government launched the Insurance Policyholders’ Protection Fund (IPPF) Committee under the new Nigerian Insurance Industry Reform Act 2025. This vital fund safeguards against insurer failure, aiming to restore public trust. Concurrently, NAICOM holds its July 2026 recapitalization deadline as “sacrosanct,” driving both financial stability and consumer confidence.
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