14 Million Uninsured cars in Nigeria!

The Nigerian Insurers Association (NIA) has published shocking figures that show only 15% of Nigerian cars currently on the road have adequate motor insurance. That’s a scary 85% of Nigerian motorists driving around without car insurance! The NIA recently announced that it had records of only 2.5 million cars as insured on its database; the remaining 14 million were registered as Uninsured. NIA’s Director General, Sunday Thomas, raised this issue while speaking on the threats to the survival of the nation’s insurance industry.

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