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Tag: NAIC

Mrs. Folashade Joseph Re-Appointed as MD/CEO NAIC

Mrs. Folashade Joseph Re-Appointed as MD/CEO NAIC

Appointments
Mrs. Folashade Joseph President Muhammadu Buhari GCFR has approved the reappointment of Mrs. Folashade Joseph as the Managing Direct/CEO of Nigerian Agricultural Insurance Corporation (NAIC) for a second term with effect from April 11th 2021. In a letter signed by the Honourable Minister of Agriculture and Rural Development, Sani Nanono who stated that her reappointment is based on her hard work, Dedication, Commitment, Service delivery as well as her immense contribution towards the progress and upliftment of Nigerian Agricultural Insurance Corporation. He urged Mrs. Joseph to use her reappointment to bring to bear her wealth of experience in driving the activities of the corporation in accordance with its mandate, enable act and subsisting laws.
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...