Lasaco Assurance To Partner FG On Agric, Food Security

Lasaco Assurance Plc is set to partner the federal government to develop the agricultural sector and enhance food security in the country.

To this end, Lasaco Assurance management paid a strategic courtesy visit to the Minister of State for Agriculture and Food Security, Dr. Aliyu Sabi Abdullahi, at the weekend, to smoothen relationships and discuss how to develop the agricultural sector and enhance food security in the country.

The meeting also highlighted Lasaco Assurance Plc ongoing commitment to delivering insurance solutions tailored to the needs of farmers and cooperatives.

The Managing Director/CEO of the insurance company, Razzaq Abiodun, and key executive team members, led the presentation of the Lasaco Assurance Plc Cooperative Insurance Scheme, designed to provide farmers and agricultural cooperatives with reliable risk protection, financial security, and long-term sustainability.

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During the meeting, the underwriting firm emphasised on its mission to deliver accessible, customer-centric insurance products that respond to the real challenges faced by everyday Nigerians, including those in the agricultural sector.

The minister welcomed the initiative, recognising its potential to complement government efforts in driving food security, rural development, and economic resilience.

The visit also served as an opportunity to explore public-private partnerships that could support the broader goals of agricultural transformation in Nigeria. With over four decades of experience in delivering trusted insurance solutions, Lasaco Assurance Plc promised to continue to position itself as a key enabler of economic stability and protection for vulnerable communities.

As Lasaco Assurance Plc expands its footprint in the agric-insurance space, it said, it remains dedicated to building solutions that empower individuals, strengthen cooperatives, and support the long-term growth of Nigeria’s agricultural sector.