Reducing risks in the agricultural sector

(Nairametrics) – Speaking during a summit in Lagos, the Managing Director/CEO, Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) disclosed that the institution had provided insurance cover worth N6.5 billion to protect farmers in the country. He also disclosed that NIRSAL developed and launched the Area Yield Index Insurance product and protected over 37,399 farmers, with over N121 million paid out as compensation.