IslamicFinance.de

It seems that the National Insurance Commission (NAICOM) set an agreement with a German agency, GIZ, to conduct a study of micro and Takaful (Islamic) insurance products in Nigeria. The statement came from Mr. Fola Daniel, NAICOM Commissioner for Insurance.
He added that the gesture is part of NAICOM’s drive to open up and expand insurance market at the grassroots and that this was also a way to increase the sector’s contribution to the nation’s Gross Domestic Product (GDP).