The Nigerian Electricity Management Services Agency (NEMSA) and the National Insurance Commission (NAICOM) have established a collaborative operational framework on pre-conditions for all electrical installations in the country.
A Memorandum of Understanding (MoU) signed by the two agencies spells out conditions to enhance electrical safety compliance with regards to electrical incidences in residential, commercial and industrial premises/buildings as well as the building compliance to insurance policy.
The MoU was signed by the Managing Director/Chief Executive Officer of NEMSA, Engr. Aliyu Tukur Tahir, and the Commissioner of Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin in Abuja.
The agreement would ensure that all electrical installations in residential, commercial, industrial premises, hazardous locations, industries and factories are duly certified by NEMSA before Insurance Policies are processed by all Insurance companies in the country.
The partnership aligns with the Federal Government’s commitment to strengthening the reliability and safety of Nigeria’s electricity sector.
The MD /CEO of NEMSA, Engr. Aliyu Tukur Tahir, emphasized the importance of the collaboration with NAICOM 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,” Tahir said.
The NEMSA Chief, who is also the Chief Electrical Inspector of the Federation, said going forward all Facility Applicants would require NEMSA’s statutory inspection, testing and certification, to ensure their facilities were insured with insurance companies, for safety and mitigation of risk’.
On his part, the Commissioner for Insurance Mr. Omosehin, reiterated NAICOM’s commitment to ensuring that all power sector players embraced insurance as a critical risk management tool.
Acknowledging that insurance plays a crucial role in cushioning the effects of electrical hazards and infrastructure-related incidents in homes and factories, Omosehin said through the MoU with NEMSA, both agencies would work together to enforce compliance with relevant insurance policies, to ensure the power sector operates with adequate risk mitigation mechanisms in place.
He said the collaboration would 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 industry and the country at large,” he said.
