Livestock Herders in Adamawa, Bauchi, Plateau Receive N181.9m Insurance Claims
Livestock herders across Adamawa, Bauchi, and Plateau States have received N181.9 million in insurance claims under the Index-Based Livestock Insurance (IBLI) programme, marking a milestone in climate-risk protection for pastoral communities.
The payout, made by a consortium of insurers led by Leadway Assurance Company Limited in partnership with Rex Insurance, NSIA Insurance, AIICO Insurance Plc, and the Nigerian Agricultural Insurance Corporation (NAIC), was triggered by satellite-based vegetation data that signalled drought conditions in grazing areas.
Unlike conventional insurance, IBLI relies on objective indices to ensure transparency and prompt compensation without the need for individual loss verification.
At the claims ceremony in Yola, Leadway’s Global Head of Agriculture Risk Solutions, Ayoola Fatona, said the initiative demonstrates how collaboration can deliver impact at scale.
“The IBLI claims payout underscores our commitment to innovative, data-driven insurance solutions that protect livestock-dependent livelihoods. By strengthening resilience among herders, we are advancing sustainable agricultural risk management in Nigeria,” he noted.
The programme is supported by Africa Reinsurance Corporation as reinsurer, alongside the Livestock Productivity and Resilience Project (L-PRESS) and the International Finance Corporation (IFC), underscoring the importance of regional and international partnerships.
Beneficiaries said the payouts provided timely relief, enabling them to purchase pasture and protect their herds against mortality during drought.
The IBLI consortium pledged to expand access to agricultural insurance through stronger partnerships with governments and development stakeholders. Leadway Assurance said the initiative reflects its broader commitment to food security and resilience in Nigeria’s livestock sector.
