Sunday 16th January 2022
Sunday, 16th of January 2022
Home / Agric & Biotech / Climate change has made agricultural insurance imperative for farmers – NAIC

Climate change has made agricultural insurance imperative for farmers – NAIC

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

ActionAid Agriculture

Mr Andrew Uzomah, Branch Manager of NAIC in Enugu State, said this on Thursday, November 25, 2021 in Enugu during the International Fund for Agricultural Development (IFAD) three-day Capacity Building Training Programme for Anambra, Ebonyi, Enugu and Ogun States Insurance Suppliers and Other Value Chain Actors.

The three-day capacity building is with the theme: “Capacity Building/Technical Assistance Support to IFAD Value Chain Development Programme (VCDP) Financial Suppliers and Other Value Chain Actors on Agriculture Insurance Processes for Smallholder Farmers and Stakeholders”.

ALSO READ:  Lagos distributes maize, sorghum to 15 farm settlements to avert food scarcity

Uzomah said that insurance would help to reduce losses that farmers would incur due to unpredictability of the weather as a direct fall out of the climate change.

According to him, the impact of climate change is more visible in the agricultural sector, especially in farmlands and crop yield in recent time, that is why farmers needed somewhere or financial indemnity to fall back to.

“It is dangerous for any farmer to contemplate planting and going into other agricultural value chain production without securing an insurance policy if not for anything, but to protect such farmer from climate change effect,” he said.

ALSO READ:  Sustainable coffee cultivation amid high consumption, low production

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

“With the training here today, farmers are enlightened to see the need and benefit of taking up an insurance policy whether it covers the whole agricultural activity or some parts of it.

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

“We have reputable insurance companies that stand by their words and pay their claims as expected without injecting any bad faith with their clients or farmers involved,” he said.

ALSO READ:  Aregbesola raises concern over stormy rainfall, changing climate

A total of 60 participants from the four states (15 each) are undertaking the capacity building programme in Enugu.

By Stanley Nwanosike


Check Also

Buhari COP26

Significance of climate education on Nigeria’s net-zero ambition

For Nigeria to truly achieve its climate change goal of becoming a net-zero economy by ...

%d bloggers like this: