By Bisi Bamishe
Leadway Assurance, Nigeria’s leading insurance company has reaffirmed its commitment to strengthening Nigeria’s agricultural landscape through its public-private partnerships with the Presidential Food Systems Coordinating Unit (PFSCU), State Governments and PULA Foundation. This collaboration ensures climate-conscious agricultural solutions and insurance solutions are available to over 249,000 small holder farmers across eight states in Nigeria: Borno, Enugu, Taraba, Ekiti, Kaduna, Nasarawa, Plateau and Jigawa. Through this partnership, participating State Governments are subsidizing 50% of the insurance premiums on behalf of farmers, while PULA/BAYER foundations is covering the balance via donor financing. This structure ensures that farmers, many of whom are highly vulnerable to climate-related risks, can now access and afford protection against shocks that continue to threaten food security across the country; such as droughts, floods, and pest outbreaks. The initiative is also set to be amplified through the Harvesting Hope Caravan – a nationwide grassroots engagement roadshow across four geopolitical zones in the country. While the caravan represents an important awareness-building engagement activity, it is only one part of a larger effort to empower farmers with innovative solutions, education, and practical support to navigate the harsh realities of climate change and boost productivity.
Speaking on the partnership, Mr. Ayoola Fatona, Global Head of Agricultural Risk Solutions at Leadway Assurance commented, “this partnership is more than selling insurance, it is about building a climate-smart agricultural landscapethat is resilient, inclusive, and sustainable. Together with PFSCU, PULA, and state governments, we are helping farmers secure their livelihoods, encouraging innovation, and safeguarding Nigeria’s food systems for the future.”
