Nigerian Agricultural Insurance Corporation established in 1987
(1)To provide innovative insurance services towards sustained National Agricultural and Economic Development. (2) To provide Agricultural risks insurance cover to Nigerian farmers (3)To ensure continous Agricultural praactices irrespective of risk involved.
(1)NAIC collaborate with FMARD to pay compensation to insured farmers ravaged by floods. (2)NAIC collaborate with CBN, to ensure that the subsidized portion of the premium in the production policies is collected from both the Federal and State Governments. (3)Collaborate with NIRSAL by piloting and scaling new products, such as weather index insurance, new variants of pest and disease insurance,
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