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Lorraine Explains: Beware bogus insurance brokers
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NCRIB Unveils Bayeroas Brand Ambassador
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Caught in the web: Killer herdsmen, floods overrun farms, destroy yields, insurance firms fail to lift hapless farmers The Punch
Published 15 July 2021
With only about five per cent of agricultural crops in Nigeria insured, operators see this as a threat to food security, OKECHUKWU NNODIM writes
The insurance of crops in Nigeria’s agricultural sector is low as most farmers across the country shy away from insuring their crops and produce.
Agro-insurers, government officials as well as farmers believe that it is vital to insure crops, particularly to forestall the devastating impact of adverse weather on crop production.
Operators in the sector see the about five per cent level of agriculture insurance in Nigeria as another potential threat to food security nationwide.
AfriCover247 Revolutionizes Insurance Service in Nigeria Market
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Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.
Lagos, July 9, 2021 The Nigerian Council of Registered Insurance Brokers (NCRIB) has sought collaboration with the Nigerian Institute of Chartered Arbitrators (NICArb) to enhance the public acceptability of the insurance industry.
This is contained in a statement made available by NCRIBâs Public Relations Manager, Mr Dele Ayeleso, on Friday in Lagos.
The Council said that the collaboration was initiated through its Executive Secretary, Mr Tope Adaramola, when he led a delegation of the council to the institute .
Adaramola, according to the statement, said that there was a need for better synergy between insurance brokers and the arbitratorsâ body in order to shore up the image of the industry .