IslamicFinance.de

The Federal Government of Nigeria has inaugurated an advisory council for the implementation of the Takaful insurance product in the country. he Minister of State for Finance, Ambassador Bashir Yuguda, who inaugurated the council in Abuja, stated that the move was part of the implementation of some of the reforms in the insurance sector. The minister said the inauguration was the result of the National Insurance Commission’s resolve to key into the National Financial Inclusion Strategy introduced by the Federal Government in 2012. The Chairman of the advisory body, Prof. Dawud Noibi, said the council would do all within its power to effectively discharge its mandate.