The National Insurance Commission (NAICOM), and the Bureau of Public Procurement (BPP), have pledged collaboration to deepen insurance penetration in the country.
This partnership was reinformed the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, paid a working visit to the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale A. Adedokun, at his office in Abuja.
The visit, according to a statement by NAICOM, aimed to discuss the need for deeper collaboration between NAICOM and BPP, aligning with the Commission’s strategic objective to promote inter-agency partnership.
Speaking during the visit, the Commissioner for Insurance, emphasized the Commission’s commitment to transparency and fairness in its dealings with sister agencies.
He assured his host that NAICOM, under his leadership, would ensure strict adherence to claims, solvency requirements, and regulatory standards
Mr. Omosehin expressed appreciation to the Director-General of BPP for his continuous support to NAICOM.
He affirmed that all insurance matters would be handled strictly in accordance with the laws of the Federal Republic of Nigeria.
He also utilized the opportunity to further discuss the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The Director-General of BPP thanked the Commissioner for Insurance for the visit and reiterated his commitment to fostering synergy and collaboration between his agency and NAICOM.
He promised to reciprocate the gesture, stating that he and his team would undertake an official visit to NAICOM’s headquarters soon.
The Director-General of BPP also urged all stakeholders to continue strengthening inter-agency cooperation to enhance accountability, promote efficiency, and uphold public trust in the procurement and insurance sectors.
