NCAA, NAICOM sign MoU to strengthen aviation insurance

On Wednesday, September 9, 2026 in Abuja, the Nigeria Civil Aviation Authority (NCAA) and the National Insurance Commission (NAICOM) signed a Memorandum of Understanding (MoU) to strengthen regulatory oversight on aviation insurance compliance in Nigeria.

The agreement was signed by the Director General Civil Aviation (DGCA), Captain Chris Najomo, and the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, on behalf of the NCAA and the National Insurance Commission (NAICOM) respectively.

Speaking, Captain Najomo stated that the agreement was built on a long-standing collaborative relationship between the two regulatory institutions, particularly in assessing the adequacy and viability of insurance policies procured by aviation operators in line with the Nigeria Civil Aviation Regulations (Nig. CARs), 2023.

According to Najomo, “aviation remains a paradoxical industry that is globally recognised as the safest mode of transportation, yet characterised by high-impact operational risks. Hence, the need to strengthen aviation safety, financial resilience, regulatory compliance as well as the protection of the travelling public and other stakeholders in the aviation ecosystem.”

He commended the Joint Technical Committee (JTC) for their diligence in developing the MoU, expressing confidence that the team would ensure measurable improvements in insurance compliance and oversight.

In his remarks, Mr. Omosehin described the agreement as a significant milestone in strengthening the safety, integrity and resilience of Nigeria’s aviation ecosystem.

He stressed that aviation insurance was not merely a regulatory requirement but a critical risk-management instrument for protecting lives, property, businesses and the wider economy against aviation-related losses.

In her address, the Director, Air Transport Regulation at NCAA, Mrs Olayinka Babaoye-Iriobe, highlighted the invaluable importance of aviation insurance to the safety, stability and sustainability of the industry.

She reaffirmed NCAA’s commitment to ensuring that appropriate insurance arrangements are maintained to protect passengers, operators, third parties, cargo and other interests against liabilities arising from aviation operations.