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The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have inaugurated a Joint Committee on the Enforcement of Compulsory Third-Party Motor Insurance. The event, held at NAICOM’s headquarters in Abuja, marks a major step in the implementation of the provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and reinforces both institutions’ shared commitment to strengthening road safety, promoting insurance compliance, and ensuring prompt compensation for accident victims. Speaking during the inauguration, Olusegun Omosehin, commissioner for Insurance, noted that the collaboration would deliver concrete benefits to Nigerians through effective enforcement of compulsory Third-Party Motor Insurance; integration of insurance and vehicle registration databases; enhanced protection and compensation for road accident victims; and increased public education on insurance obligations and consumer rights. Read also: Universal Insurance to roll out enhanced third-party motor policy Omosehin emphasised that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at reforming key sectors for inclusive national development. In his remarks, Shehu Mohammed, corps marshal of the FRSC, noted that the partnership would significantly improve enforcement of compulsory motor insurance nationwide and enhance the welfare of road users. The Corps Marshal reaffirmed FRSC’s readiness to support this initiative through technology integration, data sharing, and field enforcement. He described the partnership as a model of inter-agency synergy that would not only reduce road accidents but also enhance the government’s capacity to provide prompt financial and medical support to victims. He further emphasised that collaboration among public institutions is crucial for achieving national development goals and assured that FRSC remains fully committed to ensuring the sustainability of this initiative. In presenting the Joint Committee’s Terms of Reference, Ekerete Ola Gam-Ikon, ), deputy commissioner for Insurance highlighted the Committee’s primary responsibilities, among which are enforce compulsory Third-Party Motor Insurance nationwide; reduce the number of uninsured vehicles in Nigeria; ensure prompt compensation and medical support for accident victims; promote awareness of the benefits and obligations of insurance; enable real-time verification of insurance status through digital integration; support microinsurance development for commercial drivers and passengers; and strengthen emergency response coordination during the “golden hour.” Read also: NAICOM seeks stronger collaboration with NCRIB on NIIRA 2025 implementation Co-chaired by senior officials from both agencies, with NAICOM serving as Secretariat, the Committee will coordinate joint field operations, public sensitisation campaigns, and continuous policy evaluation to improve compliance and consumer confidence. In his closing remarks, the Commissioner for Insurance reiterated NAICOM’s commitment to sustained collaboration, stating: “This partnership is not a one-off event. We are open to continuous feedback, regular evaluation, and the integration of new ideas as we move forward. Fewer road accidents, more insured motorists, and stronger public confidence in insurance will be among the key outcomes, Omosehin said.
