Leadway Assurance has partnered with the Presidential Food Systems Coordinating Unit, state governments, and PULA Foundation to provide insurance cover to Nigeria’s agricultural sector.
In a statement on Tuesday, the firm said that the public-private partnership ensures climate-conscious agricultural solutions and insurance solutions are available to over 249,000 smallholder farmers across eight states in Nigeria, namely Borno, Enugu, Taraba, Ekiti, Kaduna, Nasarawa, Plateau, and Jigawa.
Through this partnership, participating state governments are subsidising 50 per cent of the insurance premiums on behalf of farmers, while PULA/BAYER foundations are covering the balance via donor financing.
This structure ensures that farmers, many of whom are highly vulnerable to climate-related risks, can now access and afford protection against shocks that continue to threaten food security across the country, such as droughts, floods, and pest outbreaks.
Speaking on the partnership, Global Head of Agricultural Risk Solutions at Leadway Assurance, Mr. Ayoola Fatona, said, “This partnership is more than selling insurance; it is about building a climate-smart agricultural landscape that is resilient, inclusive, and sustainable. Together with PFSCU, PULA, and state governments, we are helping farmers secure their livelihoods, encouraging innovation, and safeguarding Nigeria’s food systems for the future.”
The Managing Director of Leadway Assurance, Mr. Gboyega Lesi, added, “At Leadway, we recognise the urgent need to strengthen Nigeria’s agricultural landscape in the face of climate change. Our role goes beyond risk transfer; we are enabling farmers with knowledge, advisory services, and access to solutions that make them more resilient. This partnership shows how public-private collaborations can protect livelihoods and build lasting food security for our country.”
The initiative is also set to be amplified through the Harvesting Hope Caravan, a nationwide grassroots engagement roadshow across four geopolitical zones in the country.
