The Director General and Chief Executive Officer of the Nigerian Meteorological Agency (NiMet), Prof. Charles Anosike has called for insurance coverage for Nigerian farmers to strengthen food security.
Anosike made the call when a delegation from the United States Agency for International Development (USAID) paid a courtesy visit to his office in Abuja.
He said: “NiMet does a lot of work in early warnings. When we talk about insurance or early warnings, it’s not just about the productivity of farmers.
“It’s also about saving lives. Lives have already been lost in the 2024 flood. Let’s keep in mind that early warnings save lives. When financial institutions talk about risk management, they focus on shareholder value.”
“If we’re able to get the financial sector in the room for them to begin to integrate climate risk into their operations and risk management, we’ll be able to convince them. This can help us to achieve the agricultural insurance scheme for farmers”.
“If you look at the economy, whatever problem we are having now, climate change compounds it. It is a threat multiplier. This compels NiMet to do things differently. We will participate In all aspects of the roundtable to ensure success and achievements of the set objectives.”
Anosike urged the USAID team to consider rolling out a pilot scheme of insurance for the farmers before bringing it to the public sector, assuring that NiMet will also invite its stakeholders to be part of it.
He revealed that NiMet would soon be rolling out suites of training on weather, water, and climate science to build capacity across its stakeholders and foster a shared vision.
Speaking, Chief of Party, Extension Activity of USAID and leader of the delegation, Dr. Ben Odoemena said their mission is to seek collaboration with NiMet, and the agency’s participation in the roundtable.
He explained that the essence of the workshop is to bring the theme to the fore key stakeholders, in the agricultural sector, insurance sector, financial sector, etc.
Odoemena added: “Climate change is here. If you are doing business and you don’t know whether it’s going to rain today or rain tomorrow, then you are not in business.
“Not only in agriculture, it cuts across every aspect of life. The role of NiMet is quite strategic in achieving this objective and the proposed stakeholders’ roundtable will strongly complement NiMet’s services.
“We cannot achieve the objective without working with NiMet. Farmers are not insuring their farms and their businesses. So it is in this context that we said, that as much as there is poor or no penetration of insurance in the rural settings, there is also limited penetration of weather information at the rural level to the smallholder farmer and the micro farmer.”