Farm­ers tasked on agric in­sur­ance

Daily Trust - - AGRICULTURE - From Nahimah Ajikanle Nu­rudeen, La­gos

Nige­rian farm­ers have been ad­vised to in­sure their agri­cul­tural ac­tiv­i­ties as a way of sus­tain­ing their busi­ness.

Man­ag­ing Di­rec­tor/ Chief Ex­ec­u­tive Of­fi­cer of Nigeria Agri­cul­ture In­sur­ance Com­pany, NAIC, Mr. Bode Opadokun stated this at the launch of the book ti­tled: “Agri­cul­tural Fi­nance: A prac­ti­cal ap­proach for lenders and en­trepreneurs” writ­ten by a top banker, Mr. Isaac Abo­lade Ag­bola.

Opadokun, who rep­re­sented the min­is­ter for agri­cul­ture Dr. Ak­in­wumu Adesina lamented the cold at­ti­tude of farm­ers, es­pe­cially the small scale farmer, to in­sur­ance prac­tice.

The min­is­ter said that many farm­ers were put out of busi­ness im­me­di­ately they suf­fered any form of dis­as­ter due to lack of in­sur­ance cover.

He stressed the need for both small and large scale farm­ers to im­bibe the habit of in­sur­ing their busi­ness.

Ac­cord­ing to the min­is­ter, in­sur­ance, if em­braced, would keep the farm­ers in busi­ness re­gard­less of any dis­as­ter that may be­fall their agri­cul­tural ac­tiv­i­ties.

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