By Bassey Udo
The National Insurance Commission (NAICOM) is liaising with the Presidential Enabling Business Environment Council (PEBEC) Secretariat to transform Nigeria’s business climate by strengthening regulatory efficiency across Ministries, Departments, and Agencies (MDAs).
A delegation from PEBEC Secretariat led by Mrs. Aimeya Okpebholo met with the management of NAICOM recently to discuss ongoing collaboration under the Business Environment Enhancement Program Accelerator (BEEPA), a focused 90 day initiative running from January 26 to April 26.
During the meeting, Mrs. Okpebholo reaffirmed PEBEC’s steadfast commitment to transforming Nigeria’s business climate by strengthening regulatory efficiency across Ministries, Departments, and Agencies (MDAs).
She disclosed that BEEPA brings together selected MDAs in functional clusters to deliver measurable, client focused improvements in service delivery.
BEEPA, she noted, was designed specifically to ensure that regulatory compliance “moves beyond paper” to produce real, practical improvements at service points for both businesses and the citizens.
“By clustering agencies, clarifying institutional roles, and applying evidence based validation, the initiative aims to reduce friction, accelerate service processes, and deepen transparency across government operations,” she said.
The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who welcomed the PEBEC team, expressed appreciation for the visit.
He re-emphasized NAICOM’s mandate and reiterated the pivotal role of the insurance sector in Nigeria’s economic development.
Mr. Omosehin also briefed the delegation on several ongoing reforms at NAICOM designed to strengthen the Commission’s service delivery in alignment with BEEPA’s objectives.
He noted that these reforms reflect NAICOM’s commitment to regulatory excellence, operational efficiency, and stakeholder-focused service improvement.
During the meeting, the delegation highlighted the key objectives of BEEPA, which include fast-tracking operational improvements that translate laws and policies into efficient and transparent government services; eliminating overlapping regulatory functions through effective cluster coordination and Memoranda of Understanding (MoUs), and promoting service discipline and enhance transparency by implementing end-to-end process visibility, evidence-based validation, and a public live tracking system.
