The Nigerian Agricultural Insurance Corporation (NAIC) had finance N464 million grants in the first quarter of the year to its insured farmers across the country.
In a speech, its Managing Director, Mrs Folashade Joseph said due payment of the grants has always been the cardinal principle of NAIC.
She also said that NAIC was introduced by the Federal Government to shield farmers from the adverse effects of natural disasters.
As a responsible player in the Agric insurance space, we at NAIC, believe that prompt payment of the grants is the major goal of any insurance organization.
The corporation provides insurance cover to all categories of operators, whether small, medium or large scale across the agricultural value chain, she included.
