The Nigeria Civil Aviation Authority and the National Insurance Commission have signed a Memorandum of Understanding to strengthen aviation insurance oversight and improve protection for airlines, passengers and other stakeholders in the Nigerian aviation sector.
The agreement, signed on Wednesday at the NCAA headquarters in Abuja, also provides for the establishment of a Joint Technical Committee on Aviation Insurance.
Speaking at the event, the Director-General of the NCAA, Chris Najomo, said the partnership would strengthen aviation safety, financial resilience, regulatory compliance and protection of passengers and other aviation stakeholders.
Najomo said the signing marked the culmination of a long-standing relationship between the two regulatory agencies.
He said, “I am delighted to host this landmark event marking the formal signing of the Memorandum of Understanding between the Nigeria Civil Aviation Authority (NCAA) and the National Insurance Commission (NAICOM) on cooperation and collaboration in the regulation and oversight of aviation insurance in Nigeria.
