What NAIC Paid in Claims to Farmers Insured under them in 2020

What NAIC Paid in Claims to Farmers Insured under them in 2020

 

The Nigerian Agricultural Insurance Corporation (NAIC) said it has paid N848m as insurance claims to its insured farmers in 2020.

This was disclosed on Sunday in a statement titled ‘NAIC pays N848m as claims in 2020’

The Managing Director/ Chief Executive Officer, NAIC, Mrs Folashade Joseph, revealed that in 2019 the corporation also paid N856m to its insured farmers who suffered losses.

READ ALSO: Minister of Finance Raised Alarm Over Current Food Situation in Nigeria

According to the statement, “NAIC, since its establishment as an agricultural risk management agency of the Federal Government, has continued to deliver on its major mandates of providing succor to farmers and comfort to financial institutions which lend to participants in the primary agricultural production sector.

“To serve its clients who are located across the country, the corporation has very experienced and dedicated staff in every state of the federation and the Federal Capital Territory.” It stated.

READ ALSO: See how Smartphone’s Apps will improve on-farm efficiency

It urged agricultural investors and lending institutions to continue to partner with NAIC which was committed to the food security agenda of the Federal Government and intervention of the Central Bank of Nigeria.

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