By David Akinmola
As part of efforts to build industry capacity and ensure compliance with the NIIRA 2025, the Nigerian Insurers Association (NIA) has begun a workshop to train underwriters on the implementation of compulsory container insurance in Nigeria’s maritime sector.
The two-day workshop focused on Section 203 of the NIIRA 2025. It is designed to equip underwriters with the technical and regulatory knowledge required to deliver the compulsory insurance policy in a way that safeguards cargo owners, enhances claims efficiency, and promotes confidence in Nigeria’s maritime and insurance ecosystems.
Speaking at the opening session, the Director-General of the NIA, Mrs. Bola Odukale, underscored the critical role of insurance in national development, noting that compulsory insurance frameworks are central to protecting the public and supporting economic stability.
According to her, a well-regulated and legally backed insurance industry is essential for economic growth, investor confidence, and public protection.
She urged participants to take full advantage of the training, stressing that the knowledge gained would strengthen professional capacity and support the effective implementation of compulsory insurance provisions for the overall benefit of the economy.
“The success of compulsory insurance depends largely on the understanding and commitment of industry professionals,” Odukale said, adding that proper enforcement would help reduce losses, enhance risk management, and protect stakeholders across the value chain.
No fewer than 40 underwriters involved in container insurance participated in the workshop, which ended over the weekend.
Facilitators at the training include Mrs. Margaret Ogbonnah, Director at the Nigerian Shippers’ Council; Soji Oni, Controller 1 (Technical) at the NIA; and Owolabi Longe, Chief Executive Officer of Ironlink Communications, among others.
The workshop forms part of the council’s ongoing efforts to prepare insurers for the operational realities of the NII.
RA 2025, while ensuring that insurance consumers, particularly players in the maritime and logistics sectors, derive full protection from compulsory insurance policies.
