This is against the backdrop of warnings by agricultural experts that Nigeria will be the highest hit by climate change if it doesn’t support agriculture, coupled with increasing flood episodes washing away farm land across the country.
“In 2016, N108million was budgeted, N71million was released, in 2017, N917million was budgeted but N454million was released, while in 2018, of the N148million budget for Agriculture insurance N16million was released to NAIC. The ActionAid Programme Officer for Agriculture, Azubuike Nwokoye, during the presentation of the scorecard in Abuja, decried that access to agricultural insurance services over the years has remained low especially for smallholder women farmers, adding that budget allocations and releases still remain very low.
Nwokoye said: “Many states are yet to integrate extension services to agricultural insurance services, meaning that a relationship between extension agents, Ministry of Agriculture and NAIC is not there, because ordinarily extension agents must be able to provide information on insurance services to smallholder farmers to support them access services but it is not so.”
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