The USAID funded program, Feed the Future Nigeria Rural Resilience Activity (RRA) has started giving out farmers’ insurance payout claims from Pula Advisors and their partners, to cushion adverse effect of weather on farming in 2022.
The Chief of Party, Feed the Future Nigeria Rural Resilience Activity, Margarita Aswani, while speaking during the payout event, noted that the payout will supplement the low yields and loss recorded by farmers, due to the flooding that led to the massive destruction of farmlands in the Northeast last year.
According to the National Emergency Management Agency (NEMA), the flood in the year 2022, affected 245,361 persons and led to the total destruction of 27,339 Hectares of farmlands in North Eastern states of Borno, Adamawa, Yobe and Gombe (BAYG) states.
Aswani disclosed that farmers from Gombe and Yobe states, who acquired farmers insurance between July and December 2022, received their payout claims on 22nd March 2023, during the Payout Ceremony in the states, adding that eligible participants from Borno and Adamawa states will receive their payout by the end of March 2023.
He explained that a total of 299 smallholder farmers (92 in Adamawa, 44 in Southern Borno, 153 in Gombe and 10 in Yobe) spread across various Agro Ecological Zones (AEZs) would receive an amount between N15,000 and N30,000 depending on the AEZ, the type of crop and expected yield per hectare as provided by the insurance policy.
The Co-Founder and President of Pula Advisors, Rose Goslinga pointed out that the need to de-risk agricultural investments of smallholder farmers cannot be overemphasize due to increase in the effects of climate change that is heighten the risks in agriculture and food production.