The National Insurance Commission (NAICOM) and the Nigerian Electricity Management Services Agency (NEMSA) have emphasised safety of lives and upgrades insurance compliance in standards and regulations, inspections and certification of electrical installations.
This formed the entirety of the MoU signed by both regulators in Abuja of NAICOM at the weekend where the MD/CEO NEMSA Engr. Aliyu T. Tahir emphasised the importance of synergy between NAICOM and NEMSA to ensure safety and mitigate risks.
The MoU highlighted safety of lives and property and compliance with NEMSA certification of electrical installations in residential, commercial and industrial premises which will serve as the forerunner for insurance cover. Aside these, the partnership aims to mitigate potential risks, protect investments, and promote economic growth.
The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, describing the MoU as a “landmark strategy” said the collaboration will foster development through enforcement. He assured NAICOM’s commitment to achieving expected compliance. Taking a cue from the CFI, the Deputy Commissioner for Insurance Technical, Dr. Usman Jankara, reassured the NEMSA delegation of NAICOM’s commitment and emphasised the importance of teamwork in achieving their shared objectives.
The signing of the MoU marks a significant milestone in the collaboration between NAICOM and NEMSA, paving the way for enhanced electrical safety and insurance compliance in Nigeria.
Featured picture:L- R Engr. Aliyu T. Tahir, the Managing Director/CEO, Nigerian Electricity Management Services Agency (NEMSA) and Mr. Olusegun Ayo Omosehin, Commissioner for Insurance, National Insurance Commission (NAICOM)
