The Management of the Nigeria Electricity Management Services Agency (NEMSA) and its counterpart of the National Insurance Commission (NAICOM) have signed a memorandum of understanding (MOU) to improve compliance with electrical security with respect to incidents electric in premises/residential, commercial and industrial buildings as well as the fulfillment of the building to the insurance policy.
A statement by Mrs. Ama Umoren of the Communications and Protocol Unit of Nems cited the managing director/executive director of the agency, Aliyu Tukur Tahir, during the signature ceremony, as an emphasis on the importance of collaboration in the mitigation of mitigation of the risks associated with electrical accidents and infrastructure failure.
According to the statement, the MOU is focused on a framework of collaboration between Nemssa and Naicom to ensure that, as a pre-contract, all electrical installations in residential, commercial and industrial premises, dangerous locations, industries and factories are duly certified by Nemsa before From Nemsa, the insurance policy is processed by all insurance companies.
The statement added that the association aligned with the federal government's commitment to strengthen the reliability and security of the Nigeria electricity sector.
“This association with NAICOM is a significant step to ensure that all consumers, operators and electricity investors adhere to the highest standards of safety and risk management. By integrating the fulfillment of the insurance into the application of electrical security, we are safeguarding lives, investments and the general integrity of the electricity sector.
“It will also be a requirement of Nemsa that all the applicants for facilities of their legal inspection, evidence and certification must ensure that their facilities are insured with insurance companies, for safety and mitigation of the risk”, the head of Nemsa, who also also This is the chief electric inspector of the Federation.
The insurance commissioner and executive director of NaICom, Olusegun Ayo Omosehin, in his comments, reaffirmed Naicom's commitment to ensure that all players in the electricity sector adopt insurance as a critical risk management tool.
He said: “Insurance plays a crucial role in the damping of the effects of electrical risks and incidents related to infrastructure.
“Through this Mou, we will work closely with Nemsa to enforce the fulfillment of relevant insurance policies, ensuring that the electricity sector works with adequate risk mitigation mechanisms.”