The injection of 300 billion NGN in the sector

the process designed to consolidate the insurance market has resulted in the injection of 300 billion NGN (2.5 billion USD) in the sector. By the end of 2008, this amount is likely to attain 500 billion NGN (4.3 billion USD). NAICOM, the regulatory authority, has estimated the overall volume of the sector's gross premiums at 490 billion NGN (4.2 billion USD) by 2010.