3 hours ago
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The Chief Risk Officer at Leadway Group, Kikelomo Fischer, has lamented the low level of compliance with third-party motor insurance in the country.
According to Fischer, 30 per cent compliance makes a case for urgent action from vehicle owners plying Nigerian roads.
The police have commenced nationwide enforcement of third-party motor insurance since the beginning of the month.
She highlighted the policy as an essential protection for all road users, including pedestrians, by fostering accountability, enhancing road safety, and providing financial coverage for accidents. She expressed concern over the low compliance rate, with only 30 per cent of vehicle owners currently insured, and urged immediate action by vehicle owners.
“This enforcement promotes responsibility and mutual protection, creating safer roads and a more secure society for Nigerians,” she said.
She reiterated that compliance is a shared responsibility that benefits everyone and urged vehicle owners to embrace this initiative not as a burden but as a necessary step toward ensuring safer roads and a more accountable society.
Fischer said this is a critical juncture in Nigeria’s journey toward safer and more responsible road usage, underscoring the importance of cooperation and mutual support in achieving a common good.
She also called on stakeholders, including government agencies, private organisations, and the general public, to collaborate in raising awareness about the importance of compliance. This is a defining moment for Nigeria’s road safety journey, which demands working together to create a culture of accountability and ensure that Nigerian roads are safer for all.
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