Pascal Egerue, managing director of Afribank Insurance Brokers, has published a new book to redress critical problems facing the insurance industry in Nigeria as it looks to contain oil and gas industry risks.

Nigeria's Daily Independent reports that Mr Egerue places particular value on oil and gas training as a method to reduce risks throughout the sector, and he called for a greater utilisation of and investment in academies such as the Petroleum Training Institute.

He explained that funding for new training initiatives could be sourced in part from the Petroleum Technology Development Fund.

Mr Egerue also called for a liberalisation of the Nigerian oil and gas insurance industry to ensure that companies operating in the country are not underinsured.

He explained that underinsurance in the sector is not a problem endemic to Nigeria, but rather is one inherent to the global the oil and gas industry.

Nigeria has this year passed the Local Content Act to promote oil and gas training in the country, particularly in the troubled Niger Delta region.

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