NAICOM Raises 3rd Party Insurance By 200%

In order to shore up the dwindling revenue, National Insurance Commission, NAICOM, has increased third party insurance by 200 per cent.

The breakdown shows that those paying three thousand naira will now be paying 15,000,00 and those paying 5,000, effective from January 1st 2023 will be paying 20,000,00.

The tricycle known as Keke Marwa will be paying 5000 as opposed the 2,000 they were paying before , while the motorcycle popularly known as Okada will now be paying 3,000 as opposed the 1,000 they were paying before the review.