Tuesday, May 20, 2025
30.3 C
Lagos

NAIC Paid N848m Claims to Farmers in 2020

Folashade Joseph

Managing Director/CEO

Nigerian Agricultural Insurance Corporation

The Nigerian Agricultural Insurance Corporation (NAIC) paid over N848 million as claims to its insured farmers in the 2020 business year.

Mrs. Folashade Joseph, Managing Director/CEO of NAIC, said the Corporation also paid N856 million in 2019 to its clients to cover losses incurred by them in the course of doing business.

Joseph enjoined agricultural investors and lending institutions to continue to partner NAIC to realize the food security agenda of President Muhammadu Buhari and the noble intentions of the Central Bank of Nigeria (CBN) under the leadership of Dr. Godwin Emefiele.

spot_img
spot_img
spot_img

Hot this week

CBN Reassures Public on Banking Sector Stability

The attention of the Central Bank of Nigeria (CBN)...

Insurance Industry Unveils 3-Month Third Party Media Campaign

The insurance industry in Nigeria has unveiled a 3-month...

Nigeria Outlook: Inflation to Increase in the Near Term

Cordros Securities has predicted increase in the inflation rate...

BudgIT Flags 2025 FG Budget as Opaque on Revenue Stream

BudgIT, a prominent civic-tech organisation promoting transparency and accountability...

Topics

Stanbic IBTC Partners FATE Foundation on COVID-19 Treatment

  Stanbic IBTC Holdings PLC, a member of Standard Bank...

Debt Settlement: AMCON Returns Standard Shoe Company to Imo State Govt

Executive Director, Asset Management Corporation of Nigeria (AMCON), Dr....

IWD 2023: Interswitch Reiterates Call for Gender Parity

  L-R: Founder/CEO, MH Worklife, Blessing Adesiyan; Founder/CEO, Gush Lifestyle, Deborah Odim; Human...

Africa Offshore Oil Development Attracts U.S. Grant

The United States and Nigeria are teaming up to...

NCC: Nigeria to Achieve 50% Broadband Target by End 2023

L-R: Director, Public Affairs, Nigerian Communications Commission (NCC), Reuben Muoka; Chairman, Nigerian Union...

Unity Bank Customer Wins N1m in CashToken Rewards Promo

From Left: Eghomwanre Iyamu, Head, e-Business; Aisha Lawan Gana,...

Rising Stars Shine at Ecobank’s National Schools Team Chess Championship

Right: Vice President, Nigeria Chess Federation, Prince Adeyinka Adewole;...

The President Nigeria Needs

By Haniel Ukpaukure Nigerians know the president the country does...
spot_img

Related Articles

Popular Categories

spot_imgspot_img