Sunday, February 28African Business News
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Tag: Actionad Nigeria

Smallholder farmers still lack access to insurance

Smallholder farmers still lack access to insurance

Agriculture
A new study conducted by ActionAid Nigeria, to review farmers’ access to agricultural insurance services has revealed that smallholder women farmers have had extremely low access to insurance services in the last five years. This is against the backdrop of warnings by agricultural experts that Nigeria will be the highest hit by climate change if it doesn’t support agriculture, coupled with increasing flood episodes washing away farm land across the country. The report conducted between the periods of 2014 and 2018, also observed the low budgetary allocation and release to the Nigerian Agricultural Insurance Commission (NAIC). For instance, the report noted that of the N250million allocated to the Commission in 2014, only N100million was released; in 2015, N148million was budgeted...