Traditional Ruler Endorses Insurance For Risk MitigationThe President of the Nigerian Council of Registered Insurance Brokers, Mr Ayodapo Shoderu making a presentation to the Alake of Egabland, Oba Adedotun Aremu Gbadebo during his visit to his palace in Abeokuta, on Wednesday, November 20, 2013Kayode Adelowokan, LagosThe campaign for enhanced insurance awareness in Nigeria has received a boost with the endorsement of insurance as a pivotal risk mitigation device by the Alake of Egbaland, Oba Adedotun Aremu Gbadebo. The traditional ruler however expressed confidence in Mr. Shoderu whom he described as a consummate insurance practitioner, considering his vast knowledge and pedigree in the industry both in Nigeria and overseas. Earlier, the NCRIB President had urged royal fathers in the country to utilize their vantage positions to enlighten their subjects on insurance for their enhanced wellbeing. He said one of his thrusts of office as president was to facilitate better relationship with strategic stakeholders in the society in order to reverse the trend of poor public perception of the insurance industry. He posited that for the insurance industry to fully utilize its potentials sufficiently in the country, the operators must see the need to focus more on the vast population domiciled in the rural areas through micro insurance.