The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have joined forces in a new partnership designed to ensure strict compliance with mandatory third-party vehicle insurance regulations in Nigeria.
This collaboration seeks to enhance road safety and provide crucial protection for both motorists and third parties by enforcing existing insurance laws. During a recent joint Press Conference held in Abuja, Olusegun Omosehin, the Commissioner for Insurance, explained that the agencies had conducted detailed discussions on strategies to improve road safety measures nationwide, with a particular focus on enforcing compulsory third-party motor insurance policies.
“This partnership underscores our commitment to safer roads through a combination of regulatory oversight and robust enforcement capabilities,” Omosehin stated.
The Nigeria Police Force began nationwide enforcement of the third-party motor insurance policy on February 1, 2025, following a directive from Inspector-General of Police, Kayode Egbetokun. Although this insurance requirement has long been a part of Nigerian law, the renewed emphasis on enforcement has ignited widespread discussion and concern.
“As the Commissioner for Insurance, I want to assure the public that the insurance sector is fully prepared and will meet all obligations,” Omosehin affirmed.
Commissioner Omosehin underscored the significant benefits of third-party motor insurance, highlighting both financial and non-financial advantages. Financially, victims of damage caused by insured vehicles are eligible for compensation up to ₦3 million. In cases of fatal accidents, compensation is unlimited and determined based on the value of the deceased.
Beyond monetary benefits, policyholders also gain enhanced financial security, peace of mind knowing they are protected from unforeseen liabilities, and the confidence that they are compliant with government regulations.
Omosehin also announced the establishment of a dedicated help desk to address any complaints or inquiries that might arise from the initiative.
Shehu Mohammed, the FRSC Corps Marshal, reaffirmed his agency’s dedication to the partnership with NAICOM, stressing that enforcing third-party insurance is a core responsibility of the FRSC. He noted that the policy is mandated under the National Road Traffic Regulation 2016, making it compulsory for all vehicle owners. He added that FRSC operatives would intensify efforts to ensure motorists comply with this critical requirement, vital for road safety as stipulated by law.
