Director General of Nigerian Insurers Association (NIA), Bola Odukale, has assured that operators in the industry remain resolute in the enforcement of the mandatory third-party insurance in Nigeria as compliance safeguards road safety and provides essential protection for vehicle owners.
She also noted that rhe enforcement decision was consistent with National Insurance Commission (NAICOM’s) directive.
This comes as a significant number of car owners call for an extension, seeking more time to secure the mandatory vehicle insurance coverage.
The DG made the pledge when the executive members of the Nigerian Association of Insurance and Pension Editors (NAIPE) paid her a courtesy visit at NIA head office in Lagos recently.
The National Insurance Commission (NAICOM) recently collaborated with the Nigerian Police Force and the Federal Road Safety Corps (FRSC) to ensure the smooth enforcement of third-party motor insurance, which took effect from February 1, 2025.
Since these three agencies ramped up their efforts, there have been notable results in the push for compliance.
However, a significant number of vehicle owners across the country are now pleading with both the federal government and NAICOM to show leniency by granting more time to either secure new third-party motor insurance policies or renew their existing ones.
