NAICOM to provide insurance cover for road transport workers

The National Insurance Commission (NAICOM) and the Federal Ministry of Transportation are to collaborate to ensure the provision of adequate insurance for road transport owners and users within Nigeria and ECOWAS member countries.

To this end, the Ministry and NAICOM have agreed to immediately establish a joint committee to look into different areas of interest to ensure a mutually beneficial relationship.

At a meeting held at NAICOM Headquarters in Abuja, the Minister of State, Transportation, Senator Gbemisola Saraki said the Federal Ministry of Transportation has embarked on a transformation programme of the road transportation sector that will have a tremendous impact on the lives and wellbeing of the Nigerian people.

She noted that insurance is a critical aspect of Transportation hence the need to collaborate with NAICOM to ensure the success of the programme.

The Commissioner For Insurance, Mr Olorundare Thomas assured the Minister of the readiness of the Commission to collaborate with the Ministry to ensure adequate insurance coverage in the sector.

He informed the Minister that the Commission was ensuring order in the insurance sector particularly, regarding the issue of fake insurances in the road transportation sector saying the Commission has now developed technology for verification of insurance policies.