NAICOM, NEMSA Partner On Enforcement Of Electrical Safety And Insurance Compliance

The National Insurance Commission (NAICOM) and the Nigerian Electricity Management Services Agency (NEMSA) have entered into partnership in respect to enforcement of electrical safety and insurance compliance.

This was concretised at the weekend as both federal government regulatory agencies endorsed a Memorandum of Understanding (MoU) on enforcement.

This collaborative effort aims to establish a framework for mutual understanding and cooperation in achieving their regulatory obligations, prioritizing the safety of lives and property in relation to electrical incidents.

At the signing ceremony held at the NAICOM Headquarters on Friday, the Managing Director/CEO of NEMSA, Engr. Aliyu T. Tahir, highlighted the agency’s mandate to enforce technical standards and regulations, conduct inspections, testing, and certification of electrical installations.

He emphasized the importance of synergy between NAICOM and NEMSA to ensure safety and mitigate risks.

The key objectives of the MoU involves synergy and Cooperation as both agencies will work together to ensure safety of lives and property.

It also entails certification and compliance in which case, NEMSA will certify electrical installations in residential, commercial, and industrial premises, while ensuring that facility appliances are insured with licensed insurance companies.

-It further involves risk mitigation and economic growth as the partnership aims to mitigate potential risks, protect investments, and promote economic growth.

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, expressed his enthusiasm for the partnership, describing it as a “landmark strategy” that will foster development through collaboration and enforcement.

He reaffirmed NAICOM’s commitment to achieving expected compliance.

The Deputy Commissioner for Insurance Technical, Dr. Usman Jankara, reassured the NEMSA delegation of NAICOM’s commitment to the partnership, emphasizing 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.

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)