Leadway Assurance Company Limited and Corporate Farmers International (CFI), a renowned agricultural promotion organisation, have joined forces to improve agricultural practice by organizing an engaging and informative interactive session for farmers in the Southwest region of Nigeria.

According to the duo, the collaborative initiative aims to foster relationships and exchange innovative ideas for the growth of the crucial agriculture sector in the country.

Speaking at the session, the Senior Agriculture and Microinsurance Specialist, Oluwaseun Fasoranti, stated that Leadway Assurance is aware of the indispensable role farmers play in the advancement of our economy.

“According to a report by the Minister of Agriculture in February 2023, agriculture contributes 23.78% to Nigeria’s Gross Domestic Product (GDP). Yet, this noble responsibility comes with immense challenges, uncertainties, and events, such as droughts, floods, post-harvest losses, and pest invasions, continually threatening to stifle its growth every production season”, Fasoranti stated.

The interactive session brought together over 100 farmers from the Southwestern region of Nigeria, industry experts, and critical stakeholders across the agriculture value chain to discuss pivotal issues around modern farming practices, their challenges, and diverse opportunities.

Also commenting on the initiative, the Head of Agric. Insurance, Leadway Assurance, Ayoola Fatona revealed: “This partnership aligns with our mission of working closely with farmers during times of unpredictability. Hence, this open, interactive session provides us with the platform to listen, engage and proffer actionable solutions to their diverse pain points. Leadway’s agriculture insurance policies have and will continuously be curated to meet these imminent needs.”

The robust conversations covered issues around risk management, sustainable farming practices, financial planning, agribusiness development, fostering a vibrant community, partnerships, and leveraging technological advancements for growing productivity.