The Nigerian Insurance Commission NICOM has established an Actuarial Science ICT laboratory and Library facility worth twenty million naira at the Abubakar Tafawa Balewa University ATBU Bauchi.
Similarly, the Commission has provided funding to two staff of the faculty of Management Sciences for overseas PhD training in insurance related programs.
The NICOM Chief Executive Officer and Commissioner for Insurance Mr Olorundare Thomas stated this at the opening of the ICT facility at the ATBU Management Sciences faculty complex Gubi campus Bauchi. Mr Olorundare Thomas represented by the Commission’s Director of Administration and Human Resources Mr Abina Amos said the intervention was aimed at promoting insurance education and human capital development as provided by the act establishing it.
“The projects funded by NICOM in this university includes actuarial sciences i formation communication and technology laboratory and e-library facilities, suntech solar panel module 24 vilts ten panels, library books and journals in hard copies, sponsorship of two staff for the PhD program in actuarial sciences in Malaysia, he said” He commended the past and present Dean of the faculty of Management Sciences, management of the University and other stakeholders for delivering on the project in good time.
The Vice Chancellor ATBU Bauchi Professor Muhammadu Ahmad Abdulazeez represented by the Deputy Dean Postgraduate Studies Professor Abubakar Yusuf Dutse said the interventions by NICOM have assisted the university in meeting part of resource requirements of the NUC for approval of insurance degree programmes.
“I want to inform the Chairman of the commission that arrangement has reached advanced stage between ATBU and NUC for resource verification and subsequent approval for commencement of the programs, i therefore on behalf of the university and general ATBU community sincerely thank, appreciate and render our gratitude to the Commission for its massive support, he remarked” Professor Muhammadu Abdulazeez who commended the commission for identifying and selecting the university among its beneficiaries, promised to make maximum use of the facilities for the development of the insurance subsector.
Speaking on behalf of the Dean of the faculty, the former Dean Professor Yusuf Bashir said the synergy came into being in 2017 due to shortage of staff in actuarial sciences, leading to the signing of an MOU with the commission in 2019.
“The university and the Commission sat down in Abuja and signed an MOU and then process began then, they told us that the intervention is for 30 million and one good thing about this particular intervention is that they gave us a free hand; go and think about what you are going to do with this money, he disclosed” The Modern e-library ICT centre is equipped with a dedicated internet facility, twnety four volts solar panel module, printers, scanners and over fifty sets of computers.
Abubakar Baba Ahmad