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.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FG Disburses N396.7m Insurance Claims to Farmers
Nigerian Government Covers Risks for 199,000 Farmers
FG Allocates N250bn for Agriculture and Food Security
Nigeria Seeks Investors for Climate-Smart Agriculture
GIZ Disburses N9bn to Boost Agriculture in Northwest Nigeria
Leadway Assurance Disburses N396m to Farmers for Losses
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
