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By agronigeria - December 5, 2017
folashade Joseph NAIC MDThe Nigerian Agricultural Insurance Corporation (NAIC) has said the Federal Government will be subsidising farmers’ insurance in the agricultural value chain by 50 per cent.

The Managing Director of NAIC, Folashade Joseph, who disclosed this in Abuja, enjoined farmers to take advantage of this gesture by insuring their farms against natural disasters such as flood, diseases and erosion.

She noted that many farmers were yet to take up agriculture insurance and said the corporation would soon embark on a sensitization exercise where forums would be used to educate farmers on the importance of such insurance.

Joseph described the 50 per cent subsidy from government across the agriculture value chain as a laudable move as it will help farmers insure their farms and remain in business even in the aftermath of natural disasters.

“Government has subsidised insurance for farmers by 50 per cent. For instance, for crops, if you are to pay a premium of N4, NAIC will charge farmers N2. The cost should be taken care of by insurance companies and that is what NAIC stands for.

We exist so that farmers can smile. We de-risk the natural disasters of farmers across the value chain. That is what will sustain the farmer across the agriculture value chain. It is the focal point of the government and insurance is very key,” she said.

The NAIC boss, recounting how some farmers incurred losses after their tomato farms were attacked by tomato Ebola, urged farmers not to regard agriculture insurance as an additional cost but something that they must have in place to protect their investments.
https://agronigeria.com.ng/fg-subsidises-farmers-insurance-50-per-cent/

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Messages to Farmers

  • Apply fertilizer wisely to avoid wastageAttend trainings on fertilizer use and application
    Early purchase of fertilizer saves money
  • Obtain quality fertilizers from reputable suppliers especially FEPSAN members
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics.
  • Allow your crops to fully mature to get quality and values
  • Report adulterated fertilizer to the appropriate authority

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  • 5th Addis Agrofood Agriculture, Agricultural Machineries, Food, Food Technologies and Packaging Exhibition, Date: 08-11 December 2017, Venue: Addis Ababa, Ethiopia. Read more
  • Developing Private Sector Agro-Input Markets – Designing and Implementing Targeted Subsidy Programs, Date: February 19 - 23 2018, Venue: Kampala, Uganda. Read more
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Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

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2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss