Agriculture
World Bank Trains Farmers On Risk Management
The World Bank training in agriculture risk management for institutions in Nigeria and Anglophone West African countries ended in Accra, Ghana with the participants identifying opportunities they could tap into and develop financial products that would help them limit impact of bad weather on farmers.
The training was aimed at building capacity of the institutions with the knowledge and skills required to design, price and implement agricultural index based weather insurance programme.
Malawi, Kenya, Ethiopia and Barkina Faso are some African countries piloting index based weather risk management programme while Ghana would soon run a pilot agricultural insurance scheme with the support of German Technical Cooperation.
A Senor economist of the agricultural risk management team, Carlos Arce said that by sharing knowledge on index based weather insurance with the West African Insurance Sector, the World Bank aims to improve the risk management capabilities of stakeholders in Africa working within agricultural supply chains.
He explained that weather posed a major risk to productivity and profit of farmers, making it difficult for them to boost production and enhance earning.
“Be it floods or draught, particularly where they are severe, it could become catastrophic to the farmers” Arce said.
He, however, said that agricultural insurance was not enough to solve the problem facing the agriculture sector.
The agricultural expert noted that it was important to provide farmers with good agricultural practices and services that allowed them to improve productivity and to mitigate their risk.
About 50 participants from Insurance Companies, Agricultural Colleges National Meteorological departments and national insurance regulators from Ghana, Nigeria, Cambia, Liberia and Sierra Leone attended the training.
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FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
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