The Presidential Livestock Reforms Implementation Committee (PLRIC) has highlighted the critical need for insurance coverage to support and secure investments in Nigeria’s livestock sector. In a communique dated October 29, following a two-day consultative workshop held in Abuja on October 24 and 25, the committee pointed to insurance as a vital measure to mitigate the risks deterring potential investors from livestock farming.
The workshop, attended by over 400 participants, including state governors, ministers, and traditional rulers, aimed to address the pressing issues in livestock production. Co-Chairman of the PLRIC, Prof. Attahiru Jega, emphasized the role of insurance, stating, “Insurance coverage for livestock investment is very important and should be implemented.” The recommendation aligns with broader efforts to enhance the sector’s stability and attract investment by addressing risks inherent to livestock farming.
Other major recommendations included launching a national feed security programme to combat challenges like feed shortages and smuggling. Stakeholders also called for a unified digital taxation system to address issues arising from multiple taxation.
Further, the communique underscored the need for strengthened security and investment in livestock value chains, as well as the development of a framework to manage farmer-herder conflicts. The PLRIC noted that these reforms aim to position Nigeria’s livestock industry as globally competitive, with continuous stakeholder engagement planned as the reforms progress.
