The Presidential Livestock Reforms Implementation Committee (PLRIC) has highlighted the critical role of insurance in fostering investment in Nigeria’s livestock sector. This recommendation was part of a communique following a stakeholders’ workshop in Abuja on October 24 and 25, attended by over 400 participants, including governors, ministers, and traditional leaders.
Co-Chairman of the PLRIC, Prof. Attahiru Jega, emphasized the importance of livestock insurance, noting, “Insurance coverage for livestock investment is very important and should be implemented.” Such coverage is expected to mitigate risks that often deter investors in the livestock industry.
Key recommendations from the workshop included establishing a comprehensive national feed security program to address supply issues amid smuggling and shortages, and developing a “unified digital taxation system” to simplify multiple taxation constraints. Additionally, Jega underscored the need to enhance security and attract investment along the livestock value chain.
The participants also discussed frameworks to resolve conflicts between farmers and herders and committed to ongoing stakeholder engagement to support these initiatives. Through the PLRIC’s reform efforts, Nigeria aims to elevate its livestock sector to a competitive global standard, with further strategy refinement anticipated in ongoing discussions.
