Insurance corporation pays claims to insured farmers

Mrs. Folashade Joseph, Managing Director, Nigerian Agricultural Insurance Corporation (NAIC), says the corporation has paid claims of N464 million to insured farmers across the country.

In a statement by Mrs. Magdalene Omosimua, NAIC Head, Corporate Affairs, Joseph said the payment was made in the first quarter of 2019.

She disclosed that prompt payment of claims has been a cardinal objective of the Corporation and urged farmers to always insure their farms in case of disaster.

She, however, stressed that the Corporation would provide insurance cover to all categories of operators whether small, medium or large scale across the agricultural value chain.

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