The Nigerian Electricity Management Services Agency (NEMSA) has signed a landmark Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM) to ensure electrical safety compliance in the power sector.
The agreement was also to prevent electrical accidents in residential, commercial and industrial premises/buildings, and building compliance to insurance policy.
NEMSA’s Head of Communications and Protocol Unit, Mrs. Ama Umoren, said the MoU, signed at NAICOM at the weekend, establishes a collaborative framework between NEMSA and NAICOM to ensure that as a pre-condition all electrical installations in residential, commercial, industrial premises, hazardous locations, industries and factories are duly certified by NEMSA, before Insurance Policy is processed by all Insurance Companies.
The partnership, according to the statement, aligns with the Federal Government’s commitment to strengthening the reliability and safety of Nigeria’s electricity sector
It said while speaking at the signing ceremony, the Managing Director/Chief Executive Officer of NEMSA, Engr. Aliyu Tukur Tahir, emphasized the importance of this collaboration in mitigating risks associated with electrical accidents and infrastructure failures.
“This partnership with NAICOM is a significant step towards ensuring that all electricity consumers, operators, and investors adhere to the highest safety and risk management standards. By integrating insurance compliance into electrical safety enforcement, we are safeguarding lives, investments, and the overall integrity of the power sector,” he stated.
Speaking further, the MD/CEO NEMSA, Engr. Aliyu Tukur, who is also the Chief Electrical Inspector of the Federation said that going forward ‘’It will also be a requirement by NEMSA that all Facility Applicants of its statutory inspection, testing and certification, should ensure that their Facilities are insured with Insurance Companies, for safety and mitigation of risk.”
On his part, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr. Olusegun Ayo Omosehin, reiterated NAICOM’scommitment to ensuring that all power sector players embrace insurance as a critical risk management tool.
“Insurance plays a crucial role in cushioning the effects of electrical hazards and infrastructure-related incidents. Through this MoU, we will work closely with NEMSA to enforce compliance with relevant insurance policies, ensuring that the power sector operates with adequate risk mitigation mechanisms in place,” he said.
The collaboration will involve joint awareness campaigns, regulatory enforcement, and information-sharing initiatives to promote electrical safety and insurance adoption across the power sector.
This strategic partnership marks a milestone in the drive to enhance safety, reliability, and sustainability within Nigeria’s electricity industryand the country at large.
