NAIC Urges Farmers To Insure Investments Against Risks

The managing director of the Nigeria Agricultural Insurance Corporation, Hon. Yazid Shehu Danfulani, has urged Nigerian farmers and agribusiness operators to embrace agricultural insurance as a safeguard against losses and a tool for boosting food production.

Danfulani made the appeal in a statement yesterday, saying the initiative aligned with President Bola Tinubu’s Renewed Hope Agenda, which prioritises food security, agricultural development, economic diversification and farmer empowerment.

He noted that agriculture remains a critical sector of the Nigerian economy, employing millions of people and contributing significantly to national development.

The NAIC boss, however, expressed concern over the numerous challenges confronting farmers, including flooding, drought, pests, diseases, fire outbreaks and other disasters capable of destroying years of investment within a short period.

According to him, agricultural insurance provides a safety net that enables farmers to recover from losses, remain productive and sustain their businesses despite unforeseen setbacks.

He said, “Are you a Nigerian farmer with an agricultural investment or business? NAIC has tailored insurance plans designed to help you recover from unforeseen disasters and protect your agricultural assets.

“We encourage all farmers to register for agricultural insurance and secure their investments for a more stable and prosperous future.”

Danfulani stressed that reducing the risks associated with farming is essential to achieving the objectives of the Renewed Hope Agenda and encouraging greater participation in agricultural production.

He explained that insurance protection gives farmers the confidence to expand their operations and contribute meaningfully to the country’s food security targets.

The managing director reaffirmed NAIC’s commitment to supporting farmers through affordable, accessible insurance products covering crop production, livestock, fisheries, agricultural equipment, and other agribusiness activities.

He added that protecting farmers from risks would not only benefit individual producers but also support efforts to achieve food sufficiency, create jobs, reduce poverty and drive sustainable economic growth.

Danfulani therefore called on farmers, cooperatives, agribusiness operators and agricultural investors across the country to enrol in NAIC insurance programmes to secure their investments and strengthen the agricultural sector.

He reiterated the corporation’s commitment to advancing the Tinubu administration’s agricultural transformation objectives through effective risk management and insurance coverage for farmers nationwide.