Thursday, Aug 13th 2020 5:17 AM
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Market Digest Nigeria

Economy

Nigeria: Fed Govt to insure agric produce transportation

Mrs Folashade Joseph

The Federal Government has signed tripartite agreement on the implementation of National Transit Insurance Scheme (NATIS) to insure transportation of agricultural products across the country.

Agric produce transportation

The Memorandum of Understanding (MoU) was among Nigerian Agricultural Insurance Corporation (NAIC), Nigeria Association of Agricultural Product Dealers (NAAPD) and Association of Local Governments of Nigeria (ALGON).

Speaking at the ceremony in Abuja, the Managing Director, NAIC, Mrs Folashade Joseph, said the scheme would among other things, cater to huge losses suffered by farmers and agro dealers in the event of transitional risks like accidents.

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