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 move 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, according to a statement posted on NAICOM’s website.
Co-chaired by senior officials from both agencies, with NAICOM serving as the secretariat, the Committee will coordinate joint field operations, public educational campaigns, and continuous policy evaluation to improve compliance and consumer confidence.
Speaking during the Committee inauguration ceremony, the Commissioner for Insurance, Mr Olusegun Ayo Omosehin, said 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.
In his turn, the Corps Marshal of the FRSC, Shehu Mohammed, said 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.
The FRSC is a government agency that coordinates road safety Initiatives and enforces regulations.
Terms of reference
Presenting the Joint Committee’s terms of reference, the deputy Commissioner for Insurance, Mr Ekerete Ola Gam-Ikon, 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.
- Strengthen emergency response coordination.