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Dealing with agricultural risks in Nigeria
By
Mon Jan 18 2021
While debating the impact of the federal government’s border closure policy (and the recent reopening) on commodity prices, I found myself wondering yet again about agricultural risks and Nigeria’s Agricultural Insurance sector. I had earlier on, in the October of 2020 written about this subject in an article titled Floods: Another Precarious Year for Nigerian Farmers, which touched on Agricultural insurance particularly weather-based Index insurance. Another form of innovative insurance product is Area Yield Index Insurance, which I would discuss in this piece. However, just how do we currently deal with agricultural risks in Nigeria?