The Federal Highway Security Corps (FRSC) and the Nationwide Insurance coverage Fee (NAICOM) have inaugurated a Joint Job Pressure (JTF) to implement obligatory third-party motor insurance coverage and digitize passenger manifests nationwide.
The initiative, unveiled throughout a ceremony in Abuja, is designed to reinforce data-driven enforcement by integrating FRSC and NAICOM databases.
This integration will allow seamless data sharing, enhance operational effectivity, and promote transparency throughout each sectors.
Expertise-enabled oversight and highway consumer safety
Talking on the occasion, FRSC Corps Marshal Shehu Mohammed emphasised the significance of leveraging know-how to strengthen area operations and guarantee real-time compliance monitoring.
“With the institution of the FRSC and NAICOM Joint Job Pressure, we’re assured that the variety of uninsured autos on Nigerian roads would drastically scale back,” Mohammed stated. “We imagine that it’s going to additionally enhance highway consumer welfare and strengthen general public security.”
He described the partnership as a mannequin of institutional synergy that aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes digital transformation, inter-agency cooperation, and inclusive nationwide improvement.
Insurance coverage enforcement and crash sufferer assist
The Joint Job Pressure will give attention to imposing obligatory third-party motor insurance coverage, decreasing the prevalence of uninsured autos, and bettering the federal government’s capability to offer well timed monetary and medical help to crash victims.
Mohammed reaffirmed FRSC’s dedication to innovation and collaboration, noting that the Corps is ready to assist the initiative by technology-driven enforcement and knowledge integration.
NAICOM commends FRSC’s management
Government Commissioner for Insurance coverage, Olusegun Omosehin, praised FRSC’s visionary management and dedication to nationwide security and regulatory reform. He highlighted the long-term advantages of the partnership for Nigerian highway customers.
“This collaboration will yield far-reaching advantages to Nigerians by efficient enforcement, immediate compensation for crash victims, and stronger public consciousness on insurance coverage obligations and shopper safety,” Omosehin stated.
The Joint Job Pressure represents a major step towards constructing a extra clear and accountable transport system. By digitizing passenger manifests and integrating key knowledge programs, the initiative is predicted to streamline enforcement, scale back fraud, and improve public belief in Nigeria’s highway security and insurance coverage frameworks.
What it is best to know
Final month, Nairametrics reported that Nigeria’s insurance coverage sector might quickly witness a digital revolution as NAICOM and the Fintech Affiliation of Nigeria (FintechNGR) introduced plans to collaborate on utilizing know-how to shut important gaps and broaden adoption.
- The transfer got here as business stakeholders increase contemporary considerations concerning the nation’s insurance coverage penetration, which at the moment sits between 1% and three%—one of many lowest in Africa.
- At a latest high-level engagement with regulators and lawmakers, the fintech physique highlighted Nigeria’s poor insurance coverage uptake as each a priority and a progress alternative.
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