The Presidential Livestock Reforms Implementation Committee (PLRIC) emphasised the necessity for insurance coverage protection for livestock investments to enhance safety and entice funding to the sector.
In a communiqué launched on October 29, following a stakeholder workshop in Abuja on October 24 and 25, the committee, led by Co-Chairman Prof. Attahiru Jega, recognized insurance coverage as vital for managing dangers that deter funding in livestock farming.
“Insurance coverage protection for livestock funding is essential and needs to be carried out,” Jega said, stressing structured danger administration.
The workshop gathered greater than 400 members, together with governors, ministers, and conventional rulers, to debate challenges within the sector and suggest reforms.
Key suggestions included establishing a nationwide feed safety program to deal with shortages and stabilize feed provide, addressing considerations about smuggling and provide disruptions.
Contributors additionally prompt a unified digital taxation system to simplify income assortment and scale back a number of taxes on livestock producers.
Jega additionally famous the necessity for enhanced safety measures to help the livestock worth chain, fostering a steady surroundings for funding.
To deal with conflicts between farmers and herders, the workshop proposed a framework to handle tensions, stressing ongoing dialogue with stakeholders.
The committee highlighted that continued engagement with numerous events could be essential because the reforms progress, aiming to place Nigeria’s livestock business for international competitiveness.
PLRIC’s dedication to those reforms marks a step towards addressing the sector’s challenges, with additional discussions anticipated to refine and implement these methods.
