Insurance Stocks Watch: FG Will Release N11billion For Insurance Premium For Workers

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The Federal Government has concluded arrangements to release N11bn for the payment of premium on the Group Life Insurance policy for its workers nationwide. The Head of Civil Service of the Federation, Alhaji Goni Aji, disclosed this to our correspondent in an exclusive interview on Monday.The announcement will gladden the hearts underwriters, who have been […]

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The Federal Government has concluded arrangements to release N11bn for the payment of premium on the Group Life Insurance policy for its workers nationwide.

The Head of Civil Service of the Federation, Alhaji Goni Aji, disclosed this to our correspondent in an exclusive interview on Monday.

The announcement will gladden the hearts underwriters, who have been nursing fears that six months into the year, the Federal Government, which is their biggest customer, may not be able to insure its workers for 2013.

Aji also told our correspondent that the government was ready to pay the outstanding N7bn premium for the insurance of its workers for 2011 and 2012.