Climate change has made agricultural insurance imperative for farmers – NAIC



The Nigerian Agricultural Insurance Corporation (NAIC) said the current effect of climate change has made agricultural insurance imperative for all farmers in the country.

Mr. Andrew Uzomah, director of the NAIC branch in Enugu State, said this Thursday in Enugu during the three-day training program on capacity building of the International Fund for Agricultural Development (IFAD) for women insurance providers and other value chains in Anambra, Ebonyi, Enugu and Ogun states. Actors.

The three-day capacity building theme is: “Capacity building support / technical assistance to IFAD’s Value Chain Development Program (VCDP) financial providers and other value chain actors on development processes. ‘agricultural insurance for small farmers and stakeholders’.

Uzomah said the insurance would help reduce losses farmers would incur due to unpredictable weather conditions as a direct result of climate change.

According to him, the impact of climate change is more visible in the agricultural sector, especially in farmland and crop yields lately, which is why farmers needed a place or financial compensation. to fall back.

“It is dangerous for any farmer to consider planting and embarking on other productions in the agricultural value chain without taking out an insurance policy or for nothing, but to protect this farmer from the effects of climate change”, did he declare.

The branch manager attributed the reluctance of some farmers to adopt an agricultural policy due to ignorance and the negative orientation of the insurance itself.

“With the training here today, farmers are made aware of the need and value of taking out an insurance policy, whether it covers the whole farming activity or parts of it.

“You see, some people, even without any personal experience, had already come to a negative stereotype that insurance companies cannot be trusted with claims. But this is not true.

“We have reputable insurance companies that keep their word and pay their claims as expected without injecting bad faith into their customers or farmers involved,” he said.

The Nigeria News Agency (NAN) reports that a total of 60 participants from the four states (15 each) are currently undertaking the capacity building program in Enugu. (NOPE)


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