Nigeria to develop policy to ensure MDAs assets are insured

Elizabeth Christopher

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Nigeria is set to put in place a policy that would ensure that all Ministries, Departments and Agencies (MDAs) take compulsory insurance cover on all Federal Government assets.

The Secretary to the Government of the Federation (SGF),Boss Mustapha, disclosed this in Abuja when the governing board of the National Insurance Commission (NAICOM) visited him.
He said that the Federal Government was currently working on the circular that would convey the order to all the MDAs.

Represented by the Permanent Secretary, General Services Office (GSO), Maurice Mbaeri, the SGF asked the NAICOM team to come up with a draft document of what they want the circular to contain to guide his Office in properly articulating the document.

The SGF asked NAICOM to ensure that the draft circular reflected what the Commission wants, adding that if the draft circular meets the Federal Government’s expectations, it would be issued to the appropriate MDAs.

 

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During the visit, the Permanent Secretary, General Services Office (GSO) in the SGF Office, Maurice Mbaeri, decried the decline in budgetary allocations meant for insuring public assets.

After learning that the premium to be paid for insuring public assets was centralised in the Office of the Head of the Civil Service of the Federation (HoS), Mbaeri said there was no way the HoS alone could cover insurance premium for all the MDAs.

Therefore, he urged NAICOM to write to the Federal Government requesting the immediate decentralisation of the payment of insurance premium among the MDAs.

Earlier, the Chairman, Governing Board of the National Insurance Commission (NAICOM), Abubakar Sani urged the SGF to support the Commission in executing a compulsory insurance scheme for all MDAs.
Sani said the Commission was interested in seeing all government assets insured.

We want the SGF to issue a circular or letter to all MDAs on the necessity of taking a compulsory insurance policy for all Federal Government assets,” Sani said.

He said such a policy would cover government assets from unforeseen losses from incidents that may occur as a result of various circumstances.

 

 

 

 

Hauwa Abu

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