**FG's Agricultural Insurance Scheme Supports 199,275 Farmers with N700bn Risk Cover** The Nigerian government, under the leadership of the Minister of Agriculture and Food Security, Senator Abubakar Kyari, has made significant strides in supporting farmers across the country. In the last two years, the Nigerian Agricultural Insurance Corporation (NAIC) has provided a whopping N700 billion risk cover to 199,275 farmers, generating a premium income of N2.43 billion. This impressive feat has not only helped to protect farmers' investments but has also led to the payment of N200 million in claims to boost their resilience. According to the minister, this support has had a positive impact on the agricultural sector, with prices of essential food commodities decreasing by 50% nationwide. This is a welcome development, especially when compared to previous years when food prices skyrocketed, making it difficult for many Nigerians to afford basic necessities. The government's efforts have also attracted millions of dollars in investments across various agribusiness ventures, injecting much-needed capital into the sector and stimulating economic growth. Stakeholders at the recent ministerial stakeholders' engagement retreat on agricultural transformation commended the government's efforts, but urged for increased funding to the sector. They noted that when jobs are created through agriculture, it will naturally reduce insecurity across the country. The minister acknowledged that addressing high input costs is crucial to ensuring food remains accessible and affordable. He emphasized the government's commitment to improving food security and the overall well-being of citizens. With a focus on prioritizing agriculture as a key driver of economic growth, the government is working towards a more prosperous and sustainable agricultural future for Nigeria. This development is particularly timely, given the current economic challenges facing the country. By supporting farmers and promoting agricultural growth, the government is taking a crucial step towards ensuring food security and reducing poverty. As the sector continues to grow, it is expected to create jobs, increase incomes, and enhance the overall competitiveness of Nigeria's agribusiness sector.