Introduction
The Managing Director and Chief Executive Officer of the Nigerian Agricultural Insurance Corporation (NAIC), Hon. Yazeed Shehu Umar Danfulani, has reaffirmed the Corporation’s unwavering commitment to supporting farmers and strengthening agricultural insurance across Nigeria. This assurance reflects NAIC’s continued resolve to play a pivotal role in agricultural risk management and sustainable financing within the agricultural value chain.
Engagement with the ACGSF Board
The commitment was conveyed during an interactive session with newly appointed members of the Central Bank of Nigeria’s Agricultural Credit Guarantee Scheme Fund (ACGSF) Board, who paid a courtesy visit to NAIC headquarters in Abuja. The visit provided an opportunity for both institutions to deepen collaboration and align strategic objectives in support of Nigerian farmers.
NAIC’s Commitment to Strategic Partnerships
Speaking on behalf of the MD/CEO, the Executive Director of Operations, Hon. Abubakar Umar Jarengol, emphasized that NAIC remains fully aligned with its statutory mandate to collaborate with key stakeholders across the agricultural ecosystem. He noted that the Corporation is particularly focused on mitigating losses arising from agricultural production, agribusiness activities, and other risks across the agricultural value chain.
Hon. Jarengol congratulated the newly appointed ACGSF Board members and expressed optimism about forging a productive and mutually beneficial partnership. He highlighted that such collaboration would significantly enhance farmers’ access to risk protection and promote sustainable agricultural financing nationwide.
ACGSF’s Perspective on the Partnership
Earlier in his remarks, the Chairman of the ACGSF Board, Dr. Segun Oshin, explained that NAIC was deliberately selected as a strategic partner due to the critical role of insurance in safeguarding agricultural investments. He noted that NAIC’s expertise and leadership in agricultural insurance position the Corporation as a key enabler in strengthening the agricultural value chain and advancing the Fund’s mandate of delivering impactful social and financial services to farmers.
Interactive Session and Technical Engagement
The engagement was followed by an interactive question-and-answer session, during which both parties discussed technical considerations and practical frameworks required to ensure a successful and effective partnership. The session further reinforced a shared commitment to collaboration, innovation, and results-driven engagement.
Conclusion
The meeting marks an important step in strengthening institutional collaboration between NAIC and the ACGSF. With a shared vision of protecting agricultural investments and supporting farmers nationwide, both institutions are well-positioned to drive sustainable growth, resilience, and improved access to agricultural finance across Nigeria’s agricultural sector.