By Henry Uche, [email protected]

National Insurance Commission, NAICOM, and the National Information Technology Development Agency, NITDA, have agreed to institutionalise cyber insurance to strengthen Nigeria’s digital ecosystem.

In a statement signed by NAICOM and made available to the Sun Newspapers, Management of the NITDA led by its Director -General /CEO, Kashifu Inuwa Abdullahi, paid a courtesy visit to NAICOM headquarters, Abuja, and were received by the Commissioner for Insurance /Chief Executive Officer, Sunday Thomas.

“The purpose of the visit is to activate the process of institutionalizing cyber insurance to help strengthen the digital ecosystem in Nigeria. The two Agencies discussed the enormous benefits to the nation and have agreed to partner to ensure it is realised” the statement read.

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In another development, NAICOM and Abuja Metropolitan Management Council (AMMC) recently agreed to set up a joint committee to enforce compliance by building developers and occupiers of Public Buildings in line with to sections 64 & 65 of the Insurance Act 2003.

The decision to set up the committee was taken during a courtesy visit by the management of AMMC led by the Director, Development Control at the FCT Administration, Mr. Mukhtar Galadima, to NAICOM recently.

NAICOM in a statement maintained that the purpose of the visit was to explore areas of collaborations in order to enforce compliance by building developers and occupiers of public buildings with sections 64 & 65 of the Insurance Act 2003.

“The two agencies have setup a Joint committee to work out the modalities for the enforcement of these compulsory insurances within the FCT,” the statement reads.


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