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    Kapital FM 92.9 The Station that Rocks!

Economics

FRSC, NAICOM Partner To Promote Insurance Compliance

todayOctober 30, 2025

Background

To strengthen road safety management and promote insurance compliance across Nigeria, the Federal Road Safety Corps FRSC, and the National Insurance Commission NAICOM have inaugurated a Joint Task Force for Compulsory Third-Party motor insurance and the digitalisation of passenger manifest.

The strategic partnership marks a new era of inter-agency collaboration aimed at entrenching transparency, accountability, and efficiency within Nigeria’s road transport and insurance ecosystem.

The initiative seeks to also enhance safety, traceability, and integrate the FRSC and NAICOM databases to facilitate seamless information sharing and enforcement.

Speaking at the event, the Executive Commissioner for Insurance, Mr. Olusegun Omosehin explained that the collaboration would deliver far reaching benefits to Nigerians through effective enforcement, prompt compensation for crash victims, and robust public education on insurance obligations and consumer protection.

In his remarks, the Corps Marshal, Mallam Shehu Mohammed, reaffirmed the Corps’ readiness to support the initiative through technology-driven enforcement, data integration, and field operations.

He described the partnership as “a model of institutional synergy that will not only reduce road crashes but also enhance the government’s capacity to provide immediate financial and medical assistance to crash victims.

The Corps Marshal further emphasised that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises digital transformation, inter agency cooperation, and inclusive development across all sectors of the economy.

According to Mallam Shehu Mohammed, the FRSC/NAICOM Joint Task Force is poised to drastically reduce the number of uninsured vehicles on Nigerian roads, enhance the welfare of road users, and promote a safer, more transparent, and accountable transport system nationwide.

Kayode Oyedare, Edited By Grace Namiji

Written by: Blessing Nyor

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