ABUJA – It has been revealed that only one percent of Nigerian farmers have access to insurance cover in the country. This was stated in a communiqué issued the end of a two day conference on climate based micro-insurance: providing protection for Nigerian farmers, said despite the fact that over 90 % of Nigeria’s agriculture is dependent on rain-fed systems. According to the communiqué, “Considering the important role insurance plays in stimulating banks to extend credit facilities to the agricultural sector and the role that perception of risk among financial institutions...
Published By: Vanguard News Monday, 28 March
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