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The President, Federal Republic of Nigeria, Sen. Bola Ahmed Tinubu has appointed a new Managing Director(MD)/ Chief Executive Officer ( CEO) with two other substantives Executive Directors ( EDs) to take over the management of Nigerian Agricutural Insurance Corporation ( NAIC) with immediate effect.
This was contained in statement signed and made available by the Deputy General Manager, Corporate Affairs, Mrs. Magdalene Omosimua to us.
The statement reads that " His Excellency President Bola Ahmed Tinubu GCFR has approved the appointment of Executive Directors for Nigerian Agricultural Insurance Corporation (NAIC ). They are:
1. Mr. Yazid Shehu Umar Danfulani - Managing Director /CEO
2. Mr. Abubakar Umar Jarengo, Executive Director, Operations
3. Mr. Babafemi Ayandayo Rasheed, Executive Director, Admin and Finance.
President Tinubu's letter which conveyed their appointment was signed by Senator George Akume, Secretary to the Government of the Federation (SGF) on May 22nd, 2025. And states that their appointment takes effect from the 21st. May, 2025, for an initial term of four years, in accordance with sections 15(a) of NAIC Act law 2004.
The team is expected to bring new vigor and strategic direction to NAIC, a critical institution responsible for providing insurance to Nigeria's agricultural sector against risks such as drought, pests, diseases and other disasters.
The Management and entire staff of the Corporation wish them a successful working tenure"
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