NAICOM, ICRC Partner to Ensure Insurance Coverage for PPP Assets.

NAICOM and ICRC partner to ensure insurance coverage for Public-Private Partnership (PPP) assets, enhancing financial stability and protection for investors. The collaboration aims to provide a comprehensive risk management framework for PPP projects in Nigeria.

The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have announced a partnership aimed at ensuring insurance coverage for assets under public-private partnership arrangements in Nigeria. Through this collaboration, NAICOM will provide insurance services to PPP assets, providing an added layer of financial security for investors and stakeholders. The partnership is expected to promote confidence in the PPP sector, facilitating increased investment and economic growth. By addressing a key gap in the PPP framework, the joint effort is poised to enhance the overall development landscape in Nigeria.