Nigeria Ginger farmers lost N12bn in 2023

Date:

August 22, 2024.

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Azonuchechi Chukwu.

The Federal Government says that Nigerian Ginger farmers incurred losses amounting to N12 billion due to the disastrous disease epidemic that destroyed their crops in 2023.

Sen. Aliyu Abdullahi, Minister of State for Agriculture and Food Security, stated this at the Agricultural Insurance train – the – trainer workshop on Thursday in Abuja.

He highlighted the incidences of the 2023 wet farming season, where ginger farmers in Kaduna suffered immensely from the outbreak of the ginger blight disease.

Abdullahi said that the farmers lost over 90 per cent of their total harvest for the season.

” Only a few of those ginger farmers who took our insurance protection received monetary compensation for their harvest losses.

” These set of farmers could boast of returning to their farms without little or no financial assistance, unlike their uninsured counterparts who had to dip into their meagre savings to be able to continue farming.

” That is some food for thought and something that we all have to bear in mind; as we are at all times one or two bad harvest seasons away from losing our food supplies,” he said.

Abdullah said that the 2024 flood outlook released by the ministry of water resources and sanitation, has alerted 148 Local Government Areas (LGAs) in 31 states as high flood-risk areas.

He said that the report in the first quarter of the year, said that 249 LGAs in 36 states and the FCT fall within moderate flood-risk areas.

” In simple terms, 397 LGAs out of the total 774 LGAs in Nigeria, representing over 51 per cent of our farming areas, are at risk of flooding.

” We are witnessing the clear and present existential threats of climate change and its impact on our local food systems,” he said.

Abdullahi said plans were on by the ministry to partner with NAIC, and PULA Advisors to incorporate Agricultural Insurance into the National Agricultural Growth Scheme Agro- Pocket (NAGS-AP) programme.

He said it was evident that climate change was real and it had become inevitable to integrate insurance as a key component of the NAGS programme, to ensure sustainability and food security.

The minister said that the NAGS-AP programme which commenced in the 2023 dry season with wheat cultivation had resulted in bountiful harvest.(NAN)

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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