Only 25% Of Vehicles In Nigeria Insured – FRSC, NIA

As most Nigerians battle economic hardship, leading to low disposable income, the number of uninsured vehicles on Nigerian roads has risen to about 9 million, LEADERSHIP can now reveal.

Data sourced from the Federal Roads Safety Corps (FRSC) and the Nigerian Insurers Association (NIA) revealed that there are 12 million vehicles plying roads across the country of which only 3.11 million were insured as of the end of 2023, indicating only 25 per cent of vehicles are currently insured.

Read more at LeadershipNG

Leave a Reply

Your email address will not be published. Required fields are marked *