JUST IN: Digital Motor Insurance Certificates Now Legally Accepted in Nigeria Nigerian motorists can now present their motor insurance certificates in digital form during routine checks or in the event of an accident. This follows the signing of the Nigeria Insurance Reform Act by President Bola Ahmed Tinubu, officially recognizing electronic certificates as valid proof of insurance across the country. The reform aims to modernize insurance verification, reduce paperwork, and enhance compliance among vehicle owners. #NigeriaInsuranceReform #MotorInsurance #DigitalInsurance #Tinubu

Tinubu Signs Nigerian Insurance Industry Reform Bill 2025 Into Law President Bola Tinubu has assented to the Nigerian Insurance Industry Reform Act (NIIRA) 2025, aimed at strengthening Nigeria’s financial sector and accelerating the country’s drive toward a $1 trillion economy. The Act consolidates outdated insurance laws into a modern framework, introducing stringent capital requirements, compulsory insurance policies, digitisation of the market, zero tolerance for delayed claims, and dedicated policyholder protection funds. It also encourages participation in regional schemes like the ECOWAS Brown Card System. The National Insurance Commission (NAICOM) is tasked with implementing the reforms, which are expected to boost investment, consumer confidence, and position Nigeria as a leading insurance hub in Africa. #NigeriaEconomy #InsuranceReform #NAICOM #Tinubu