2024 Budget Opportunities for Insurance Brokers Prof Oyedokun.pptx

NCRIB 2024 Budget Opportunities for Insurance Brokers Prof Oyedokun

Being a Paper Presented at the Breakfast Series Lecture of The Nigerian Council of Registered Insurance Brokers at Braithwaite Events Hall, NCRIB, Yaba - Lagos on Tuesday, January 23, 2024.

1. 2024 Budget: Opportunities for Insurance Brokers Being a Paper Presented at the Breakfast Series Lecture of The Nigerian Council of Registered Insurance Brokers at Braithwaite Events Hall, NCRIB, Yaba - Lagos on Tuesday, January 23, 2024.

2. ND (Fin), HND (Acct.), BSc. (Acct. Ed), BSc (Fin.), LLB., LLM, MBA (Acct. & Fin.), MSc. (Acct.), MSc. (Bus & Econs ), MSc. (Fin), MSc. ( Econs ), Ph.D. (Acct), Ph.D. (Fin), Ph.D. (FA), CICA, CFA, CFE, CIPFA, CPFA, CertIFR , ACS, ACIS, ACIArb , ACAMS, ABR, IPA, IFA, MNIM, FCA, FCTI, FCIB, FCNA, FCFIP, FCE, FERP, FFAR, FPD-CR, FSEAN, FNIOAIM, FCCrFA , FCCFI, FICA, FCECFI, JP Prof. Godwin Emmanuel Oyedokun Professor of Accounting and Financial Development Department of Management & Accounting Faculty of Management and Social Sciences Lead City University, Ibadan, Nigeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Chartered Accountants, Tax Practitioners & Forensic Auditors)

3. 2024 Budget: Opportunities for Insurance Brokers

4. Contents

5. Introduction

6. Overview of Insurance Sector

7. Common Terms in Insurance

8. Types of Insurance

9. Principle of Insurability

10. Legal Principles of Insurance

11. Contribution of Insurance to the Economy

12. Contribution of Insurance to the Economy

13. Overview of Insurance Brokerage

14. Roles of Insurance Brokers

15. Roles of Insurance Brokers

16. Challenges of Insurance Brokerage in Nigeria

17. Challenges of Insurance Brokerage in Nigeria Despite these challenges, proactive measures such as investing in technology, implementing robust risk management strategies, and fostering public awareness campaigns can help insurance brokers in Nigeria navigate the complexities of the industry and contribute to its sustainable growth

18. Overview of Government Budgeting

19. Approaches to Government Budgeting

20. Types of Government Budget

21. Classification of Government Budget

22. Special Consideration of Government Budget

23. Elements of Government Budget

24. Government Revenue

25. Government Expenditures

26. Nigeria's 2024 Budget: An Overview

27. Top Priorities of the 2024 Budget

28. Key Focus Areas of the 2024 Budget

29. Other Key Points of the 2024 Budget

30. Challenges of 2024 Budget Implementation

31. Prospects of the 2024 Budget

32. Opportunities for Insurance Brokers in the 2024 Budget

33. Opportunities for Insurance Brokers in the 2024 Budget

34. Opportunities for Insurance Brokers in the 2024 Budget

35. Conclusion

36. Recommendations

37. Prof. Godwin Emmanuel Oyedokun Professor of Accounting & Financial Development Lead City University, Ibadan, NIgeria Principal Partner; Oyedokun Godwin Emmanuel & Co (Chartered Accountants, Tax Practitioners & Auditors) [email protected]; [email protected] [phone] & 2348055863944