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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 that the current effect of climate change has made agricultural insurance imperative for all farmers in the country.

Andrew Uzomah, NAIC branch manager in Enugu state, said this Thursday in Enugu during the International Fund for Agricultural Development (IFAD) Three-Day Capacity Building Training Program for Insurance Providers and Other Chains of value from the states of Anambra, Ebonyi, Enugu and Ogun. Actors.

The three-day capacity development has as its theme: “Capacity Development / Technical Assistance Support to Judicial Providers of IFAD’s Value Chain Development Program (VCDP) and other value chain actors in processes agricultural insurance for small farmers and stakeholders ”.

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

According to him, the impact of climate change is most visible in the agricultural sector, especially on farmland and crop yields in recent times, which is why farmers needed somewhere or fictitious compensation to turn to.

“It is dangerous for any farmer to contemplate planting and producing another agricultural value chain without obtaining an insurance policy, if not for nothing, but to protect said farmer from the effect of climate change,” he said.

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

“With the training given here today, farmers are enlightened to see the need and benefit of taking out an insurance policy, whether it covers all or parts of farming.

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

“We have reputable insurance companies that handle claims as expected without injecting bad faith into their clients or farmers involved,” he said.

The Nigerian News Agency reports that a total of 60 participants from the four states (15 each) are currently carrying out the capacity building program in Enugu.

Source: NAN

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