Arise News Political Editor, Sumner Sambo, has told opposition parties, including the African Democratic Congress, ADC, and the Nigeria Democratic Congress, NDC, that they cannot defeat the ruling All Progressives Congress, APC, with only press statements.

Sambo spoke during the Arise TV Morning Show, on Monday, while reacting to political developments ahead of the 2027 general elections.

He said that the opposition parties are not doing enough on the ground to convince Nigerians that they are serious about taking power from APC.

According to him, the APC is already in campaign mode and President Bola Tinubu has flagged off his re-election bid in Kaduna, while opposition parties are still issuing statements from Abuja.

"You can't beat APC with press statements. You have to be proactive. You have to go to the grassroots," Sambo said.

He said Nigerians want to see the opposition in their villages, wards and local governments, not just on television.

Sambo added that ADC and NDC must show unity, structure and a clear alternative message if they want to defeat Tinubu and APC in 2027.

He said if they continue with press conferences without grassroots mobilisation, APC will easily retain power.

He advised the opposition to learn from APC's strategy of early mobilisation and massive rallies.

2027: You can’t defeat APC with press statements – Sambo tells ADC, NDC

*Insurance Sector Has Biggest Untapped Opportunities In Nigeria’s Economy, Says Akinwunmi*

Investment expert and Chief Economist, United Capital Plc, Mr Ayodele Akinwunmi, has said that Nigerian Insurance sector has one of the biggest untapped opportunities among other sectors of the economy.

Akinwunmi, who stated this while presenting a key note address on Post – Recapitalisation and Market Dynamics in Insurance and Pension Sectors at the Annual National Conference of the Nigerian Association of Insurance and Pension Editors (NAIPE), noted that, the winning insurers in Nigeria’s next decade would be those who deploy capital into underwriting excellence, inclusive products, digital infrastructure and productive long-term investment, not those who simply hold the largest balance.

He noted that, at 0.4 percent to 0.5 percent of GDP, Nigeria’s insurance penetration was one of the lowest in the world and that made it one of the biggest untapped opportunities.

He said, a post -recapitalisation transmission mechanism in Nigeria’s insurance industry would witness stronger insurers, deeper markets and a more resilient Nigeria.

According to Akinwunmi, with recapitalisation, there will be stronger capital and risk- based solvency which would give rise to higher minimum capital and stronger balance sheets, compliance with risk- based capital requirements as well as greater resilience to shocks.

He also said, with the new capital,Nigerian underwriters would have the ability to underwrite larger and more complex risks, retain greater portion of domestic risks, they would reduce reliance on foreign reinsurers as well as provide support for key sectors such as energy, infrastructure, SMEs, retail and agriculture.

He further noted that, with the new capital, the industry would witness the use of digital platforms and wider distributors, data driven pricing and underwriting , introduction of innovative products for micro, retail , parametric , Takaful and other specialised Products .

He further said, in the face of the new capital, the operators’ services would be automated and straight- through claims processing as well as improved customer experience and operational efficiency.

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