BUSINESS

We cover all agric risks including kidnap-ransom—Leadway Assurance

&NewLine;<p>To many&NewLine;Nigerians&comma; the time and season are not auspicious for agricultural business in&NewLine;view of the prevailing insecurity in bush and farmlands allegedly perpetrated&NewLine;by Fulani herdsmen and Boko Haram renegades&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Stories have&NewLine;been told over the years how farmers are either killed or kidnapped in various&NewLine;farm settlements&period; Chief Olu Falae’s kidnap in September 2015 at his farm in&NewLine;Akur&comma; Ondo State&comma; &nbsp&semi;remains an example&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>But Ayoola&NewLine;Fatona&comma; Head&comma; Agriculture and Micro Insurance of Leadway Assurance says there&NewLine;is nothing to worry about as the insurance company has covers for all risks in&NewLine;agricultural operations&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>He stated&NewLine;this on Friday&comma; August 16 at Wheatbaker Hotel&comma; Ikoyi&nbsp&semi; at a conference themed Using Crowdfunding&NewLine;platforms to invest in Agribusiness&colon; Managing Your Risk&comma; organized&nbsp&semi; by Leadway Assurance and supported by&NewLine;Agrecourse Integrated Services Ltd&comma; Farmcrowdy Ltd and Thrive Agric&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>He&NewLine;emphasized that Leadway covers all the risks in agriculture including&NewLine;retroactive policies&period; &OpenCurlyDoubleQuote;In poultry insurance&comma; Leadway is above board&period; For&NewLine;instance&comma; even when Leadway had all the opportunity to deny claims&comma; the company&NewLine;went ahead to pay claims to farmers when Kainji Dam was opened at the wrong&NewLine;time&comma; adding that the insurance company &OpenCurlyDoubleQuote;parades integrity&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&OpenCurlyDoubleQuote;There is&NewLine;kidnap and ransom insurance in Nigeria” He stated&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>He lamented&NewLine;the absence of reliable statistics from meteorological agency&comma; which he stated&comma;&NewLine;accounts&nbsp&semi; for the high risks occasioned&NewLine;by unexpected flooding and other natural hazards in the country’s agricultural&NewLine;setting&period; &OpenCurlyDoubleQuote;Weather forecast is very key in mitigating risk in agriculture&period;&NewLine;However&comma; Leadway provides the necessary covers for farmers to take advantage of”&NewLine;he told the audience made up of agricultural farmers&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Leadway&NewLine;Assurance is a foremost insurance service company with a reputation of&NewLine;honouring underwriting commitment<&sol;p>&NewLine;

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