Only about 36 percent of vehicles plying Nigerian roads are currently insured as records indicate that most of the vehicles run on fake insurance certificates.
Chairman of Nigerian Insurers Association, NIA, Mr. Eddie Efekoha, who disclosed this said that only about 4.5 million vehicles out of 12.5 million plying Nigerian roads are registered on the Nigerian Insurance Industry Database, NIID, which captures all legitimately insured vehicles in Nigeria.
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