Nigeria’s Leadway Assurance Company Limited emerged victorious at the recent 4th Nigeria National SME Business Awards (NNSBA), securing the prestigious “Best Innovation in SME Insurance Services of the Year 2024” Award. The ceremony, held in Victoria Island, Lagos, recognized and celebrated the significant contributions of small and medium-sized enterprises (SMEs) to the nation’s economic growth.

Organized by the Association of Small Business Owners of Nigeria (ASBON) in collaboration with the Lagos State Ministry of Commerce, Cooperatives, Trade, and Investment, the NNSBA serves as a platform to acknowledge the achievements of SMEs and inspire continued excellence. The event featured a goodwill message delivered by the President/Chairman of Council, Ken Opara. Highlighting the government’s commitment to empowering SMEs, Mr. Opara shed light on initiatives such as the N60 billion disbursement from the Central Bank of Nigeria (CBN) via the Agric Small and Medium Enterprises Investment Scheme.

Dr. Opara further emphasized Leadway Assurance’s unwavering dedication to empowering SMEs by crafting innovative insurance solutions that cater specifically to their needs. This commitment to tailoring insurance products to the unique challenges faced by SMEs resonates with the award’s recognition of Leadway Assurance’s groundbreaking approach.

The President of the Chartered Insurance Institute of Nigeria (CIBN), Edwin Igbiti, commended Leadway Assurance and all participating SMEs for their unwavering spirit, determination, and commitment to achieving excellence.

Gboyega Lesi, the Managing Director/CEO of Leadway Assurance, expressed his sincere gratitude for the esteemed recognition. He underscored the company’s deep-seated commitment to serving the ever-evolving Nigerian SME sector.

“Winning the ‘Best Innovation in SME Insurance Services of the Year 2024’ award is a genuine honor. It serves as a testament to our unwavering dedication to supporting the aspirations and dreams of Nigerian entrepreneurs,” Mr. Lesi remarked. “Our extensive experience within the insurance industry has equipped us with a firsthand understanding of the challenges faced by SMEs. We are committed to continuing to develop tailored solutions that provide peace of mind and empower growth. This award serves as a powerful symbol of our team’s expertise and passion, further inspiring us to continuously innovate and serve our customers with the utmost excellence,” he added.

Leadway Assurance’s recognition at the NNSBA highlights their dedication to fostering a thriving SME landscape in Nigeria. Their innovative approach to insurance solutions empowers these vital businesses to operate with greater confidence and security, paving the way for a more robust national economy.

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