NAIC Pledges Enhanced Risk Management for Agriculture in 2024,

 *Encourages Dry Season Farming Opportunities

In a forward-looking commitment to bolster the agricultural sector, Mrs. Folashade Joseph, the Managing Director and CEO of the Nigerian Agricultural Insurance Corporation (NAIC), has expressed the agency's readiness to tackle more intricate challenges related to the insurance of agricultural produce in the upcoming year.

This was disclosed during an exclusive interview with Food Farm News in Abuja.

Mrs. Joseph Emphasizing a proactive approach to risk management, saying NAIC aims to mitigate potential issues that could hamper food production in Nigeria. 

While speaking the NAIC boss underscored the pivotal role of insurance in mitigating risks associated with agriculture, stating, "There is nothing in life that does not have a risk factor, so we will manage the risk for the farmers. Insurance is very important, and that’s why farmers need to ensure that they put their farms on insurance with NAIC so that, during unforeseen certainty and circumstances, farmers can be helped to manage the losses involved, allowing them to sustain their farming businesses."

Joseph also urged farmers to capitalize on the opportunities presented by dry season farming. She highlighted the benefits of reduced claims and fewer challenges during this season, providing an opportune environment for farmers to increase food production for the nation while leveraging on the dry season farming.

Mrs. Joseph highlighted its distinct advantages. "The dry season, facilitated by irrigation, allows farmers to measure the amount of water the crops need, reducing the risk factor. Claims during this season are typically less, and it presents an opportunity for young farmers and women to contribute significantly to increased food production for Nigerians," 

she further explained that with climate change already affecting traditional farming seasons, the focus on dry season farming emerges as a strategic response to mitigate climate-related challenges. 

She stressed that NAIC's commitment to supporting farmers in navigating uncertainties, promoting sustainable agriculture, and fostering economic growth through enhanced food production is key as NAIC remains dedicated to advancing risk management practices, ensuring the resilience of Nigeria's agricultural landscape, and empowering farmers to seize opportunities for increased productivity in the upcoming year.