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Your third party insurance works

General attitude of Nigerians towards motor third party insurance. The attitude of Nigerians – the insurance buying public towards motor third party insurance is lukewarm and not in any way different from their general perception of insurance products and services as gambling, betting, fraud, or deceitful transactions. Quite often, buyers of the motor third party insurance are statutorily compelled to buy the third party cover under the provision of the Motor Vehicle Third Party Insurance ACT of 1945, before anyone could drive or put their vehicles to use on the highway.

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How ‘no premium no cover’ affects you (2)

Some of these militating factors would include – drastically low per capita income, unemployment & high incidence of job losses, poor and or dwindling economic environment and activities; poor pay and reward system within the Nigerian landscape including failure or ignorance of insurance buyers to appreciate the essence of premium payment and the implications of non-payment under an insurance contract among several other factors.

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How ‘no premium no cover’ affects you (2)

Some of these militating factors would include – drastically low per capital income, unemployment & high incidence of job losses, poor and or dwindling economic environment and activities; poor pay and reward system within the Nigerian landscape including failure or ignorance of insurance buyers to appreciate the essence of premium payment and the implications of non-payment under an insurance contract among several other factors.

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W-Africa trade centre to come on stream

Apparently desirous of bringing back the entrepreneurial spirit of Ndi Anambra in the area of human endeavours, a group of Anambrarians that found themselves in the enclave of Balogun Business Association (BBA) has risen to check the brain drain currently being noticed in the state. The group under the acronym, Youths Initiatives for the Restoration of Positive Values in Anambra State ( YIRPVAS) who said that citizens of the state have laboured variously in the development of other states and have left their own state fallow and unattractive, has decided to replicate what they have in various parts of Nigeria in their home state.

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