NEMSA partners NAICOM on electrical safety compliance

The Nigerian Electricity Management Services Agency (NEMSA) has signed a landmark Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM) to enhance electrical safety compliance with regard to electrical incidents in residential, commercial and industrial premises/buildings as well as the building compliance to insurance policy. A statement by NEMSA’s Head of Communications & Protocol […]

The Nigerian Electricity Management Services Agency (NEMSA) has signed a landmark Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM) to enhance electrical safety compliance with regard to electrical incidents in residential, commercial and industrial premises/buildings as well as the building compliance to insurance policy.

A statement by NEMSA’s Head of Communications & Protocol Unit, Ama Umoren, said the MoU 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.

Speaking at the signing ceremony, the Managing Director/Chief Executive Officer of NEMSA, Engr. Aliyu Tukur Tahir, emphasised 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.

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On his part, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Ayo Omosehin, reiterated NAICOM’s commitment 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.