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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.

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