Nigeria: Maximising CBN-NIRSAL’s, NAIC’s agric insurance schemes

게시됨 2021년 7월 29일

Tridge 요약

The Nigerian Agricultural Insurance Corporation (NAIC) and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) are encouraging Nigerian farmers to benefit from their insurance guarantee and subsidy initiatives. NAIC offers a 50% subsidy on food crop insurance premiums, while NIRSAL guarantees loans facilitated by the CBN, ranging from 30 to 75%. In the past five years, NAIC has paid out about N2.0 billion in compensation to insured farmers. The associations, government, and NGOs are urged to encourage farmers to embrace insurance coverage to protect against natural disasters and ensure sustainable food production.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

CBN• NAIC offers 50% subsidy on food crop insurance premiums • NIRSAL guarantees up to 75% of CBN-facilitated loans Farmers in Nigeria have been urged to take advantage of insurance guarantee and subsidy regimes in agro-industrial value chains emplaced by the Central Bank of Nigeria (CBN), its offshoot, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc), and the Nigerian Agricultural Insurance Corporation (NAIC). NIRSAL guarantees loans facilitated by the CBN through commercial banks for agro-industrial businesses, especially in the Anchor Borrowers’ Programme. NAIC also offers a 50-per cent subsidy on food crops but the subsidy does not apply to cash crops such as cashew, cocoa, and palm oil insurance. According to the Managing Director of NAIC, Mrs Folashade Joseph, NAIC runs a subsidy regime on insured crops such as “rice, maize, yam, cassava, sorghum, guinea corn, beans, soya beans and indeed, all food crops. “Subsidised livestock include ...

출처: Guardian