NewsFG To Insure All Govt Assets

FG To Insure All Govt Assets


August 5, (THEWILL) – The Federal Government has concluded plans to insure all government assets.

To this effect, a circular ordering all Ministries, Departments and Agencies (MDAs), to ensure compliance with the order is being perfected.

Secretary to the Government of the Federation, Boss Mustapha, gave the hint in Abuja when he received the governing board of the National Insurance Commission (NAICOM).

Represented by the Permanent Secretary, General Services Office (GSO), Dr Maurice Mbaeri, Mustapha asked the NAICOM team to come up with a draft document of what they want the circular to contain to guide the Office of the SGF in properly articulating its contents.

Mustapha told NAICOM to “send a draft copy of the circular to the SGF, after the review, a circular will be released to the MDAs.”

The SGF told the NAICOM team that “the draft circular should reflect what you want. If it meets the SGF’s expectations, it will be issued to the appropriate MDAs.”

At the end of the courtesy visit, the Permanent Secretary of General Services Office (GSO), Dr Maurice Mbaeri, decried the decline in budgetary allocation meant for insuring public assets.

After learning that the premium to be paid for insuring public assets is centralised in the Office of the Head of the Civil Service of the Federation (HoS), Mbaeri said “there is no way the HoS alone can cover insurance premium for all the MDAs.

He urged NAICOM to “write for the decentralisation of insurance premium amongst the MDAs”.

Earlier, the Chairman of, Governing Board of the National Insurance Commission (NAICOM), Dr Abubarkar Sani pleaded with the SGF to support the Commission in executing a compulsory insurance scheme for all MDAs.

Sani said the Commission is interested in seeing all government assets insured.

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