NAICOM, ICRC Partner to Ensure Insurance Coverage for PPP Assets Under Development

The National Insurance Commission and the Infrastructure Concession Regulatory Commission have partnered to ensure insurance coverage for assets under Public-Private Partnership arrangements, providing a crucial layer of financial protection. The partnership aims to mitigate risks associated with PPP assets.

The National Insurance Commission (NAICOM) has partnered with the Infrastructure Concession Regulatory Commission (ICRC) to provide insurance coverage for assets under public-private partnership arrangements. This collaboration aims to ensure that PPP assets are adequately protected against potential risks and liabilities, thereby promoting stable investments in infrastructure projects. As a result of this partnership, investors can now access reliable insurance options, reducing their exposure to unforeseen events and enhancing the overall value proposition of PPP assets. The move is expected to boost investor confidence in PPP projects and support the development of critical infrastructure in Nigeria.