General News
Aviation Insurance: Need for a Consortium
Aviation insurance is one of the products of insurance which though lucrative, is yet to attract the expected volume of business in Nigeria. Unlike other areas which have continued to receive tremendous embrace, only a few insurance companies have dared to show very active involvement. One of the reasons often advanced for this is that it is a highly specialized and costly venture.
A comprehensive aircraft policy involves insurance cover of the aircraft itself, the cargo they carry and of particular interest; the operators’ liability for any damage done to the third party property as well as injury or death to passengers.
However, while motor vehicle insurance continues to generate the greatest volume of premium to most insurance companies, aviation insurance is still treated as a sacred area where only the lion- hearted dare to tread.
Airline business has grown in Nigeria to an enviable height. Gone are the days when only the national carrier and one or two others with few aircrafts dominated the scene. Today, we have so many registered airlines with so many aircraft on their fleet. Yet, the industry is not attracting the expected volume of business.
Over time, there has been scramble for business in the oil and gas sector without paying a corresponding attention to the aviation sector. What is responsible for this lack of interest, in spite of the lucrative ness of the sector?
Isaac Omoakia is an insurance consultant with interest in aviation insurance. He said the reason aviation insurance has not been generating the expected interest could be traced to the high risk involved in the business.
He explained that before taking up an aviation insurance cover, the number of aircraft in the fleet of the airline has to be considered alongside the premium that could be generated from such. He said aviation insurance is in place but not with the kind of enthusiasm with which other classes of insurance are being pursued.
One reason there may have been this slow pace, he said, is that “Nigerian airline operators usually go for old aircraft whose airworthiness cannot be guaranteed, and “how would you expect an insurance company to cover such unworthy aircraft especially in a country where until recently operators hardly take out their airplanes for the necessary checks.”
Omoakia added that the number of air crashes that the country has witnessed in the past he said is nightmarish enough to scare away potential insurers.
The result is that because of the high risk involved, any crash would attract huge claims, a situation which would wipe off whatever premiums that such policy may have attracted in the first place.
This, therefore, can be explained from the point of view of some operators who though realize the lucrative ness but are cautious in their moves to cover aviation. According to Mr. Ladipo Ajayi, managing director of Lasaco Assurance Plc, while commenting at a forum, most of the aircraft in Nigeria are old, stressing that in giving insurance cover, the nature of risk has to be considered. Aviation insurance is therefore such area where calculated risk has to be taken.
Omoakia called on insurance companies to form a consortium in the aviation insurance as they did with the oil and gas insurance. He explained that with this, operators would be better empowered to achieve higher retention capacity and bear higher risk.
He said the lack of a consortium in the areas explains why the few insurance companies with aviation cover do so only at the level of smaller aircraft which attract lower risk. These smaller aircraft like helicopters are not prone to the bigger hazards of passenger aircraft where a mishap could eat-up half of the entire capital base of an insurer and the reinsurance company put together.
While agreeing to his suggestion, Ibidapo Balogun, managing director of Equity Assurance is of the opinion that aviation insurance calls for serious attention. He said the level of aviation development today makes its necessary for operators to come together as they did in the oil and gas sector, under the local content policy of the Federal government.
Balogun said aviation insurance covers three main sections; the haul, passenger liability and the third party liability.
Further, he said under the haul cover, the plane must be insured against any damage that borders on technical areas.
Noting the bi-literal agreements in aviation, the passenger liability is bounded by international laws which may arise in the course of its flight. One peculiar area of aviation insurance is that the insured aircraft flies both locally and internationally. The situation therefore calls for minimum internationally accepted protection for passengers in case of crash resulting in injury and death of passengers.
Under the third party liability, the insurance could cover damage done to other people’s goods. An example of this could be found in the EAS passenger plane which crashed into a residential area in Kano some years ago. It goes therefore that because the aircraft over fly the areas populated by people and by extension, property, it becomes highly demanding to cover such areas.
To underscore the value of aviation insurance and why there seems to be a slow development, industry analysts say the minimum standards prescribed by international laws, make it a specialized area which calls for caution.
For instance, going by the international rule, a minimum of $100,000 is placed on the head of each passenger who dies in an air crash.
Omoakia identified this as one area why many insurers may be scared. He cited many air crashes that we have had in Nigeria and the attendant claims many of which the insurers involved are yet to completely settle. Using the minimum entitlement of $100,000 as a guide, Omoakia explained that the Nigeria insurance industry needs to do something to be able to remain competent in the sector.
Between 2002 till early part of this year, the aviation industry has been plagued by many crashes, occasioning death and wanton destruction of properties. For instance in 2002, 148 people perished in the EAS air crash. 96 lives were also wasted in the ADC crash in 2006.In 2005, 106 people died in a Sosoliso air crash while another 117 people were skilled in 2005 in the Bellview air disaster. Many lives have also been wasted in various military air mishaps such as the infamous 1992 disaster involving 158 young military officers. There was another ADC crash that consumed the lives of 142 people within same period. Stakeholders therefore are of the view that for the industry to be vibrant enough to cover higher risk in the aviation insurance, a consortium is needed as was done in the oil and gas sector, under the local content policy of the Federal Government.
General News
ARN Rejects Medical Bill over Attempt to ‘Scrap’ Profession

Association of Radiographers of Nigeria (ARN) has rejected the Medical and Dental Practitioners Act (Repeal and Re-enactment) Bill 2026 currently before the National Assembly, describing it as a targeted and calculated existential assault on their profession.

According to the body the legislative attempt will erode the profession of radiography and transfer its statutory responsibilities to the Medical and Dental Council of Nigeria.
Dr Musa Dembele, president of the association, gave the warning while addressing a press conference at the Kano NUJ Press Centre on Saturday.
He said, “The Medical and Dental Practitioners Act (Repeal and Re-enactment) Bill, 2026 (HB 2695) is not a reform but a targeted, calculated, and existential assault on the profession of radiography.”
He also described the bill as an attempt to introduce a “jurisdictional override” intended to dismantle the Radiographers Registration Board of Nigeria.
“This is a legislative execution of a profession that has served Nigeria for over 50 years,” he said.
Dembele pointed to Section 8(1) of the bill, which grants the Medical and Dental Council of Nigeria exclusive authority, describing it as “a legislative nuclear weapon” that strips the Radiographers Registration Board of Nigeria of its mandate.
The association also accused the bill of “conceptual theft” by redefining radiology in a way that erases radiography as an independent scientific discipline.
“The bill seeks to legally erase radiography as an independent profession and subjugate radiographers to the disciplinary authority of a council composed of individuals with no expertise in radiographic science,” the association said.
On financial matters, the association accused the bill of promoting “extortion as regulation,” noting that it mandates that 70 per cent of practising fees be shared with the Nigerian Medical Association.
“This reveals the true motive — financial colonisation,” Dembele said.
The association also raised concerns over HB 2699, the Radiographers Registration Board of Nigeria Amendment Bill, which it said seeks to weaken the board from within.
It described the inclusion of medical doctors on the board as “a fundamental violation of the doctrine of professional self-regulation” and warned against excessive ministerial control that could politicise regulation.
The association stressed that globally, radiography regulation is profession-led, citing examples from the United Kingdom, Canada, and Australia, and noted that Nigeria cannot afford to adopt a substandard model that contradicts established international norms.
The association therefore called on the National Assembly to protect the integrity of the Nigerian healthcare system by rejecting the bill in its entirety.
It also called for a stakeholders’ summit to develop a harmonised regulatory framework that respects the co-equal status of all health professions, as obtained in the United Kingdom, Canada, and Australia.
“The association aligns with the position of the Joint Health Sector Unions, medical laboratory scientists, physiotherapists, and other critical stakeholders who have also rejected similar legislative attempts,” he added.
General News
Zarttech Reflects on Its Role in Changing Global Perceptions of Africa

Zarttech extends a sincere apology to individuals and partners who may have been affected during the course of its operations. The company recognizes that its journey included challenges and acknowledges the importance of accountability, respect, and transparency toward everyone who was part of its story.

At its core, Zarttech was founded with a mission to bridge the global tech talent gap by connecting diverse IT professionals with opportunities around the world. The company sought to remove barriers that often prevent talented individuals from accessing global work, while promoting fairness and reducing bias in the technology recruitment process.
Through its work, Zarttech contributed to a broader shift in how Africa is perceived in the global technology ecosystem. By highlighting the expertise, creativity, and potential of African developers and technology professionals, the company helped bring greater visibility to the continent’s growing pool of world-class talent.
Zarttech’s mission centered on creating opportunities that connected businesses with skilled professionals across Africa, Europe, and South America while demonstrating that innovation and excellence in technology know no geographic boundaries.
Beyond its business activities, Zarttech also supported initiatives aimed at empowering women in technology across Africa through training and education programs, reinforcing its belief that inclusive access to opportunity can help shape a more equitable global tech industry.
While the company’s chapter has come to an end, the impact of the conversations it helped spark about African talent, global collaboration, and opportunity without borders continues to be part of a larger movement transforming the global technology landscape.
General News
NCDMB secures lead local content role at African Energy Week 2026

Nigerian Content Development and Monitoring Board (NCDMB) has been named a Local Content Partner at African Energy Week (AEW) 2026, in a move that positions the agency as a key driver of indigenous capacity building in Africa’s energy sector.

NCDMB
The event, scheduled to hold from October 12 to 16 in Cape Town, South Africa, will give the NCDMB a high‑profile platform to showcase Nigeria’s local content framework, industrial projects and investment opportunities to global investors and policymakers.
The NCDMB, a parastatal regulatory agency under the Federal Ministry of Petroleum Resources, has increasingly anchored its interventions on skills development, infrastructure and industrialisation.
In March 2026, the board launched a 12‑month pipeline engineering training programme for 33 young engineers in Port Harcourt, in partnership with Renaissance Africa Energy and MJD Oilfield Services.
The programme focuses on pipeline pigging, corrosion control and integrity management, aligning the workforce with major government infrastructure projects such as the Ajaokuta‑Kaduna‑Kano Gas Pipeline.
On infrastructure, the NCDMB is advancing construction of a 204‑room Radisson‑managed hotel and conference centre in Yenagoa, Bayelsa State, expected to be commissioned in December 2026. Located adjacent to the Nigerian Content Tower, the facility is designed to support industry collaboration, conferences and business meetings within the local content ecosystem.
The board has also commissioned a Clinical Skills and Simulation Laboratory at Bayelsa Medical University, enhancing healthcare training and service delivery in host communities through modern simulation technology.
Industrial expansion remains a core pillar of the NCDMB’s strategy. Under the Nigerian Oil and Gas Parks Scheme, pilot parks in Odukpani, Cross River State, and Emeyal‑1, Bayelsa State, are nearing completion and are projected to generate about 2,000 jobs each.
These shared‑services industrial hubs are designed to localise manufacturing, reduce project costs and enable indigenous companies to scale up production along the upstream and midstream value chains.
From a financing and policy standpoint, the NCDMB is deploying multiple funding mechanisms, including a 100‑million‑dollar equity investment scheme, a 500‑million‑dollar intervention fund and a 20‑million‑dollar initiative targeted at women‑owned enterprises in the oil and gas sector.
Recent enforcement measures, such as tighter expatriate quota controls and mandatory compliance certification for operators, signal a shift toward deeper localisation, greater transparency and stronger investor confidence in Nigeria’s energy industry.
Speaking on the significance of the board’s role at AEW 2026, the Executive Chairman of the African Energy Chamber, NJ Ayuk, said the NCDMB’s participation underscores Africa’s commitment to building domestic capacity and retaining value within the continent.
“Local content is not just policy – it is the foundation for sustainable growth, job creation and energy security across African markets,” Ayuk noted.
As African Energy Week 2026 gathers global investors, policymakers and energy operators, the inclusion of the NCDMB as a Local Content Partner highlights the growing importance of in‑country value creation. With focused sessions on skills development, technology transfer and industrialisation, the forum is expected to generate concrete partnerships and commitments that can help build resilient, competitive and investment‑ready energy ecosystems across Africa, with Nigeria positioned at the centre of the regional value chain.
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