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Utilise FG's NISRAL, NAIC Policies AFAN Urges Farmers


Gilbert Ekugbe
The Women Leader, All Farmers Association of Nigeria (AFAN) and Director-General/ National Coordinator, LUGAVO, Hajia Halima Njobdi has urged farmers to take advantage of the federal government’s Nigeria Incentive-Based Risk Sharing System for Agricultural Lending and the Nigerian Agricultural Insurance Corporation (NAIC) to safeguard risks exposures of their farming businesses post COVID-19.
She added that with the adverse impacts of the COVID-19 pandemic and worsening security challenges in Nigeria’s agric sector, Nigerian farmers have been advised to key into the insurance guarantee and subsidy regimes in agro-industrial value chains introduced by the Central Bank of Nigeria (CBN) ....

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NAIC pays N848m claims to farmers - Punch Newspapers


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Published 8:06 am
The Nigerian Agricultural Insurance Corporation has said it paid N848m as insurance claims to its insured farmers in 2020.
It said this in a statement titled ‘NAIC pays N848m as claims in 2020’ on Sunday.
The Managing Director/ Chief Executive Officer, NAIC, Mrs Folashade Joseph, stated that in 2019 and the corporation also paid N856m to its insured farmers who suffered losses.
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It stated that, “NAIC, since its establishment as an agricultural risk management agency of the Federal Government, has continued to deliver on its major mandates of providing succor to farmers and comfort to financial institutions which lend to participants in the primary agricultural production sector. ....

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