NCRIB highlights importance of insurance to development of agriculture sector

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L – R: Representatives of July 2021 set at Lagos State Farm Service Centre, Olaniyan Kayode; Olaniyan Comfort; Adebanjo Esther Taiwo; Vice President, Nigerian Council of Registered Insurance Brokers, Mr. Tunde Oguntade; Class Governor, Sabina Oduaran; Ojemakinde Anthony and Ichie Emeka Onyekwelu in a group picture after insurance class at the Farm Service Centre


Budding entrepreneurs in the agriculture sector have been enjoined to embrace risk management for them to record sustainable benefits and profits in their endeavors in agriculture.

The President of the Nigerian Council of Registered Insurance Brokers, (NCRIB) Mrs. Bola Onigbogi who made this known at Lagos State Farm Service Centre, Agege said that the agric vision of government bothering on empowerment of young Nigerians in the critical sector is commendable.

According to her, agriculture has been the basic source of food supply for mankind and contributes significantly to the economic advancement of several countries, hence must be adequately covered to prevent unforeseen occurrences that may discourage young entrepreneur
She emphasized that agriculture, being a critical sector with high volatility, ranging from natural to artificial risks; emphasis should be laid on risk management in the sector particularly through the embrace of insurance.

Mrs. Onigbogi who was represented at the Farm Service Centre by the Vice President of the Council, Mr. Tunde Oguntade said that the importance of insurance to the development of agriculture sector in Nigeria cannot be overemphasized, noting that insurance would ensure that policy holders were restored in case of any calamity.
She however enjoined the budding farmers to inculcate insurance into their plans before venturing into agriculture business.

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