FG Disburses ₦396m Insurance to Farmers in Four States

The Federal Government of Nigeria has disbursed ₦396.7 million in insurance payouts to smallholder farmers across four states—Borno, Taraba, Kaduna, and Plateau—who suffered losses due to erratic weather and climate-related risks. The payout was unveiled during a ceremony in Abuja, which also highlighted the 2025 wet season insurance plan.

Borno received the largest share of ₦127.19 million, followed by Taraba with ₦154.31 million, Kaduna with ₦69.73 million, and Plateau with ₦45.47 million. Gboyega Lesi, Chief Executive Officer of Leadway Assurance, emphasized the importance of agricultural insurance as a critical tool for sustaining livelihoods and building resilience in Nigeria's food system.

The initiative reflects a commitment to support farmers during distress periods and aims to enhance food security. The program has already captured 43,000 farmers under its scheme, demonstrating the feasibility of large-scale agricultural insurance in Nigeria.