NCRIB urges young farmers to embrace insurance
The President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Bola Onigbogi, has advised budding entrepreneurs in the agriculture sector to embrace risk management for them to record sustainable benefits and profits in their endeavours in agriculture.
Onigbogi, stated this at Lagos State Farm Service Centre, Agege, Lagos recently that the agric vision of government bothering on empowerment of young Nigerians in the critical sector is commendable.
She said in a statement, that agriculture, which is the basic source of food supply for mankind and contributes significantly to the economic advancement of several countries, must be adequately covered to prevent unforeseen occurrences that may discourage young entrepreneurs.
The NCRIB president stressed 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.
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 advised the budding farmers to inculcate insurance into their plans before venturing into agriculture business.
