About 8.75 million vehicles plying Nigerian roads are without genuine insurance certificates, investigation has revealed.
As of Monday, only 2.7 million vehicles had been registered by licensed insurance firms under the Nigerian Insurance Industry Database.
The Director-General, Nigerian Insurers Association, Mr. Sunday Thomas, confirmed the figures to our correspondent during an exclusive interview.
“About 2.7 million vehicles have been registered under the NIID,” Thomas said, adding that the figure was, however, a significant improvement from the more than a million vehicles recorded in the corresponding period of 2013.
According to data obtained from the NIA, 11.4 million vehicles were registered across the states by the Federal Road Safety Corps in 2012.