General News
Usefulness of Motorcycle Insurance
Motor cycle transportation has become part of the public transportation in Nigeria. Unfortunately, these very vital tools to mass movement are often times not insured. Motorcycle insurance falls under the motor insurance category. It is the protection against financial loss should a motorcycle accident occur. Almost all insurance companies in Nigeria underwrite motorcycle insurance. Motorcycle insurance works the same as any other type of insurance where you pay a premium and the insurance company agrees to payout on certain criteria should the insured events happen. Depending on the insurance provider, policies may change as well as insurance rates.
Full coverage motorcycle insurance is much like full coverage car insurance where drivers are covered for almost every situation. Full coverage motorcycle insurance provides for the following protection; Repairs to your motorcycle to restore it back to its original condition, replacement of your motorbike should it be declared non-repairable.
If you are at fault, the insurer will repair or replace property of the third party, as well as savage fees and transportation expenses while your motorcycle is being repaired
As we have in motor car insurance, third party motorcycle insurance is similar to third party car insurance, Motorcycle owners are only covered for the damage they cause to a third party. The cost to replace or repair the motorbike would not be covered.
Every insurance company has slightly different policies, but it is basically the same rules. It is important that you check and understand your policy to ensure that it covers all your needs.
There are guides to saving some premium in motor cycle insurance and it is expedient that prospective buyer of insurance should understand them in order to be well placed.
For instance, it is important to know that motorcycle insurance varies, depending on the size of the engine and a few other factors. The most common types of motorcycle insurance purchased in Nigeria are mainly the Japanese brands such as Bajaj, Honda, Boxer. Others are Yamaha motorcycle and Suzuki motorcycle.
Most insurance companies provide motorcycle insurance however it is not as common as other policies such as travel insurance, life insurance, car insurance, or property and contents insurance. Because of the importance of this means of transportation in the country, it is worth noting that prospective buyers should understand a few tips that can assist them in getting the best cover.
The following tips can help you to save on your motorbike insurance:
Shop around for motorcycle insurance quotes. Contact at least three insurance companies and evaluate their policies carefully. Consider grouping your motorcycle insurance with other insurance policies, this is because most insurance providers give package discounts.
Also, it is wise to consider paying your motorcycle insurance annually. This reduces administration and invoicing costs for the insurer and the savings are usually passed on to the policyholder.
To reduce your motorcycle insurance, it is important that riders maintain a good driving history. This is inclusive of past driving record. Most Okada riders in Nigeria are known for rough driving. Such notion of them can influence the premium that may be chargeable to them. Consider completing a defensive driving course. This is another great way to get cheaper motorcycle insurance rates.
Store you motorbike in a safe place, preferably in an enclosed place within the home. If you don’t have enough space as its typical in the areas mostly populated by these group. Ensure that is packed in a place where you can keep a close watch over it.. This will reduce the risk of theft. Make sure you bring this to the attention of your insurance provider when prospecting for a cover.
Consider purchasing comprehensive motorcycle insurance as opposed to third party motorbike coverage. In a low speed accident, a motorcycle incurs more serious damage than a car would incur at the same speed. If you are at fault, the damage you cause to the other vehicle is covered; however, you will not be reimbursed for the replacement of your motorbike. Therefore, it is important to evaluate the pros and cons of cheaper motorcycle premiums carefully.
Police in Abuja have uncovered a criminal group making fake diplomatic and government number plates.
Ahmed Sanusi, commissioner of Police FCT, stated this during a press briefing on Friday.
He explained that criminals use these fake plates to dodge security checks and enter restricted areas.
The investigation started soon after Sanusi took office.
He noticed too many unauthorized cars driving around with official government and diplomatic tags.
“I immediately ordered a comprehensive investigation into this disturbing trend,” Sanusi said. He noted that these individuals use the plates as a cover to commit crimes and avoid arrest.
The police have already arrested several people caught using the fake plates.
They have also figured out who is making them.
The manufacturers operate outside Abuja, and police are actively hunting them down.
Sanusi kept their names secret so they would not flee.
He stressed that this is a highly profitable illegal business.
Buyers pay between N500,000 and N1.7 million for a single fake plate.
“This will tell you that they are making such huge expenditure because they have an agenda,” Sanusi explained.
“Now they will face punishment that is bigger than both the cost they incur and the agenda they are planning.”
The commissioner urged residents to report any cars with suspicious diplomatic plates.
He reminded the public that real diplomatic tags follow a very specific format.
A diplomatic number plate in Nigeria is a special vehicle identification tag issued to foreign embassies, high commissions, and accredited international diplomats.
Gavi has approved $500 million to strengthen Nigeria’s immunisation programme, primary healthcare services and long-term vaccine financing.
The move followed high-level discussions between Professor Muhammad Ali Pate, coordinating minister of Health and Social Welfare, ]and Dr. Sania Nishtar, chief executive officer, Gavi in Abuja.
The funding, approved under the Gavi 6.0 programme, will support Nigeria’s efforts to accelerate routine immunisation, sustain polio eradication, expand HPV vaccination, strengthen primary healthcare services, and improve long-term vaccine financing.
Speaking during the meeting, Pate said Nigeria was strengthening its partnership with Gavi to accelerate immunisation, expand primary healthcare services, and ensure sustainable financing for vaccines.
He welcomed Gavi’s country-focused reforms, including the introduction of a predictable five-year funding envelope.
Pate said the US$500 million allocation will enable Nigeria to plan more effectively and deliver life-saving vaccines to more children and vulnerable populations.
The minister also revealed that quarterly visits to primary healthcare centreshad increased from about 10 million in 2023 to more than 45 million, reflecting significant progress in revitalising the country’s primary healthcare system.
Pate welcomed the announcement of a US$600 million pledge by the United States government to Gavi, describing it as a strong endorsement of the alliance’s leadership and the global value of vaccines.
He also commended Nishtar for prioritising Nigeria and praised the closer coordination among Gavi, World Health Organisation (WHO), UNICEF, World Bank, Gates Foundation, and other development partners, describing it as a model that has improved efficiency and aligned support with Nigeria’s health sector reforms.
The minister expressed appreciation to Gavi and its partners for their continued technical and financial support, while calling on state governments to invest more in healthcare and immunisation to complement federal efforts.
For many women, financial independence means the freedom to provide for their families and build a better future. Yet, this remains out of reach due to limited access to opportunities, business support, and secure payment solutions.
Like millions of women in Nigeria determined to be financially independent, Pricillia started with a single PalmPay POS terminal, and as an agent, every successful transaction provided a commission which brought her one step closer to achieving her dream.
Through consistency, discipline, and support from the payment platform, she reinvested her earnings and eventually opened her own provision store.
“I started as just a PalmPay agent with one POS. The consistency of the platform gave me the confidence to expand. With the income I earned, I was able to open my own provision shop.” Priscilla said.
For Priscilla, PalmPay was more than a payment platform. Its secure payment infrastructure gave her the confidence to serve her customers, build trust, and grow her income.
Today, Pricillia has joined the statistics of SMEs powering Nigeria’s economy and PalmPay continues to support her daily operations, helping her receive payments, as she works towards her next business milestone. Her journey is a reminder that when women have access to secure financial tools and opportunities, they can build lasting economic independence.
Speaking on Pricillia’s journey, Femi Hanson, Head of Marketing, PalmPay said: “Providing a secure platform that users can trust, whether for everyday payments or high-value transactions, is central to our vision of advancing financial inclusion. Priscilla’s story reflects our commitment to supporting the ambitions of Nigerians by providing a platform they can rely on to grow their finances. After all, seamless banking begins with security, and every successful transaction reinforces the trust our users place in us.”
Priscilla stands among thousands of PalmPay agents nationwide who are helping to expand financial access across Nigeria while earning commissions to create sustainable sources of income for themselves.
Every payment tells a story. It begins with trust, the confidence that your money is secure and that financial services are accessible. And when that opportunity reaches women, it creates ripple effects that transform families, strengthen communities, and drive economic growth.
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