Monday, 19 September 2016

Leadway Assurance excites northern Nigeria with Agribusiness Risk Management!

This Thursday, September 22, 2016, farmers and Agribusiness practitioners in Northern Nigeria will have the opportunity of participating at the second edition of the Agricultural Risk Management and Solutions seminar hosted by Leadway Assurance Company Limited.

Sources at Leadway Assurance, a leader in Risk Management and Solutions in Agribusiness in Nigeria, reveal that the organization has concluded plans to make this edition of the seminar most enlightening and informative, providing handy and effective risk management and risk transfer solutions that would excite farmers and agribusiness men and women in Northern Nigeria.
The seminar is slated for Thursday, September 22, 2016 at the Asaa Pyramid Hotel, 13, Lafia Road, Off Independence Way, Kaduna.

Though admission to the seminar is free, would-be participants are expected to register ahead of time by clicking here or be visiting

Expected beneficiaries from the programme include stakeholders in the Agribusiness such as large-scale farmers, investors and financiers, agribusiness consultants, insurance brokers, risk surveyors, loss assessors and adjusters working within the Agribusiness value chain.

It would be recalled that Leadway Assurance Company Limited, on June, 2016, engineered the first edition of the Risk Management and Solutions Seminar held in Lagos. The event brought together agricultural entrepreneurs from different specializations like fish farming, poultry, crop farming, livestock farming etc.

Speakers at the seminar included the Head, Agriculture and Micro Insurance Unit, Leadway Assurance Company Limited, Dr. Samson Ajibola and Head of Agriculture, Reinsurance Africa, Lovemore Forichi.

Though Agribusiness has proven, over time, to be very lucrative, the risks often associated with it, like fire outbreaks, disease outbreaks, weather, erosion, flood and other malicious acts are currently not being well managed in Nigeria and, as such, stand as a great inhibition to the anticipated Agribusiness success and profitability. Though some of these risks are easily preventable, there are also many uncontrollable events that are often related to weather and the environment, all of which can cause swings in Agribusiness income. These are the risks the Leadway Agricultural Risk Management and Solutions seminar aims at tackling.

Mr. Bode Opadokun, Managing Director of the Nigerian Agricultural Insurance Corporation (NAIC), recently corroborated the need for programmes like this when he highlighted the pending risks of locating an Agribusiness in areas more prone to disease outbreaks and other natural disasters, stressing the need for Agribusinesses to be insured by a reliable insurance provider against impending risks.
Similarly, the Executive Director, General Business, Leadway Assurance, Adetola Adegbayi, at the Lagos seminar, emphasized the need for those in Agribusiness to seek cover for the risks involved.
“We want to ensure that those who invest in Agribusiness and fall into loss situations are empowered to continue their business,” she said.

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