FG, Relevant Bodies Urged to Support Training of Actuarial Scientists

Ebere Nwoji

Actuarial Scientist, Chartered insurer and Chairman / CEO  Achor Actuarial Services Limited, Dr Pius Apere, has  called on  the Federal and State Governments including TETFUND  to collaborate with the National Insurance Commission(NAICOM in ensuring  that adequate funding and sensitsation are  made available for the training of Nigerian actuaries over a  medium term plan.

Apere said they should  support the candidates in utilising the opportunity of the medium term plan provided by the University of Lagos (Unilag) in partnership with  National Association of Actuarial Scientist. (NAS).

He said NAS, has achieved the Institute and Faculty of Actuaries (IFoA) UK accreditation for its Postgraduate M.Sc. degree programme in Actuarial Science, as a pathway to IFoA qualifications. 

According to him, this  will provide successful students with six exemptions from the IFoA qualifications. 

He said, “This could be the fastest and cost-effective route for NAS to develop common qualifications and increase its qualified actuaries in the medium term, like the route the Chartered Insurance Institute of Nigeria (CIIN) took in collaboration with CII London before conducting its own examinations in the early 1990s.”

Apere noted that Unilag was  the second university currently being accredited in Africa by IFoA which is a rare privilege and opportunity for Nigeria.