NAIC Honoured as “Farmers’ Most Trusted Partner” for Championing Agricultural Growth, Food Security
L-R: FiBOP President, Mr Charles Onwuatogwu and NAIC Lagos Branch Manager, Mr Titiloye Oyatolu receiving FiBOP 's award of excellence as 'Nigerian Farmers' Reliable partner 2025.
The Nigerian Agricultural Insurance Corporation (NAIC) has been honoured with the prestigious “Farmers’ Most Trusted Partner Award” by the Finance and Business Online Publishers (FiBOP) Association.
The recognition underscores NAIC’s pivotal role in strengthening Nigeria’s agricultural sector and its sustained efforts toward achieving national food security and economic resilience.
Presenting the award at NAIC’s Branch office in Lagos, the President of FiBOP, Mr. Charles Onwuatogwu, said NAIC was selected for the award for contributing meaningfully to Nigeria’s agricultural development.
He said the Corporation’s consistency in providing insurance protection to farmers across the country has not only helped stabilise the sector but also ensured that agricultural investments remain viable despite the increasing risks posed by climate change and other uncertainties.
“Over the years, NAIC has distinguished itself as a reliable partner for farmers, ensuring that agriculture remains a key driver of Nigeria’s economic prosperity,” Onwuatogwu said.
He added that the Corporation’s role in safeguarding farmers’ livelihoods through insurance interventions directly supports the federal government’s drive toward food security and national prosperity.
Receiving the award in Lagos on behalf of the Managing Director and Chief Executive Officer of NAIC, Hon. Yazid Shehu Umar Danfulani, the Lagos Branch Manager, Mr. Titiloye Oyatolu, expressed deep appreciation to FiBOP for the recognition.
He described the award as a strong motivation for NAIC to sustain its commitment to the nation’s agricultural transformation agenda. “This award reaffirms our mission to serve Nigerian farmers better and to continue building resilience within the agricultural ecosystem,” Oyatolu said.
Oyatolu highlighted some of NAIC’s key insurance products and services, which include Crop Insurance, Livestock Insurance, Farm Assets and Produce Insurance, and Multi-Peril Insurance Schemes designed to protect farmers against losses from natural disasters, pests, and diseases.
He emphasized that through these innovative offerings, NAIC has provided a safety net that encourages investment in agriculture at all levels — from smallholder farmers to commercial agribusinesses.
He further noted that NAIC’s adoption of modern technology and digital innovation has enhanced the efficiency of its operations and improved accessibility for farmers nationwide.
With tools for risk assessment, claims processing, and customer engagement now streamlined through digital platforms, the Corporation continues to play a strategic role in driving growth and sustainability within Nigeria’s agricultural ecosystem. “We remain steadfast in our resolve to empower farmers and support the nation’s journey toward food sufficiency,” Oyatolu averred.
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