NAICOM, PEBEC partner to drive service excellence via BEEPA initiative
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Blessing Chuks Okonta
The National Insurance Commission (NAICOM) and the Presidential Enabling Business Environment Council (PEBEC) have strengthened their collaboration to enhance service delivery within the insurance sector through the Business Environment Enhancement Program Accelerator (BEEPA).
The move was solidified during a working visit by a PEBEC delegation, led by Mrs. Aimeya Okpebholo, to the Commission’s headquarters in Abuja. The BEEPA initiative is a strategic 90-day “sprint” running from January 26 to April 26, aimed at removing bureaucratic bottlenecks.
Mrs. Okpebholo noted that PEBEC remains committed to transforming Nigeria’s business climate by improving the efficiency of Ministries, Departments, and Agencies (MDAs). She explained that BEEPA operates by grouping agencies into functional clusters to ensure measurable, client-focused improvements.
According to her, the initiative ensures regulatory compliance moves beyond theoretical frameworks to produce tangible results at service points for both businesses and the public.
NAICOM’s Commitment to Reform
Responding, the Commissioner for Insurance/CEO, Olusegun Ayo Omosehin, expressed his appreciation for the partnership, noting that it aligns with the Commission’s current transformation agenda.
The pivotal role of the insurance sector in Nigeria’s economic stability.
Ongoing internal reforms at NAICOM aimed at boosting operational efficiency.
The Commission’s dedication to regulatory excellence and stakeholder satisfaction in line with the BEEPA mandate.
“These reforms reflect our commitment to ensuring that the insurance industry operates within a transparent and highly efficient regulatory environment,” the CFI stated.
Core Pillars of the BEEPA Initiative
The BEEPA program is built on three strategic objectives designed to overhaul government service delivery:
Objective Description
Operational Speed Fast-tracking the translation of laws into efficient, transparent services.
Clarity of Roles Eliminating overlapping regulatory functions through MoUs and cluster coordination.
Transparency Implementing end-to-end process visibility and a public live tracking system.
The collaboration is expected to reduce friction in regulatory processes and deepen transparency across the insurance value chain.
