The Presidential Livestock Reforms Implementation Committee (PLRIC) emphasized the need for insurance coverage for livestock investments to improve security and attract funding to the sector.
In a communiqué released on October 29, following a stakeholder workshop in Abuja on October 24 and 25, the committee, led by Co-Chairman Prof. Attahiru Jega, identified insurance as critical for managing risks that deter investment in livestock farming.
“Insurance coverage for livestock investment is very important and should be implemented,” Jega stated, stressing structured risk management.
The workshop gathered more than 400 participants, including governors, ministers, and traditional rulers, to discuss challenges in the sector and propose reforms.
Key recommendations included establishing a national feed security program to address shortages and stabilize feed supply, addressing concerns about smuggling and supply disruptions.
Participants also suggested a unified digital taxation system to simplify revenue collection and reduce multiple taxes on livestock producers.
Jega also noted the need for enhanced security measures to support the livestock value chain, fostering a stable environment for investment.
To address conflicts between farmers and herders, the workshop proposed a framework to manage tensions, stressing ongoing dialogue with stakeholders.
The committee highlighted that continued engagement with various parties would be crucial as the reforms progress, aiming to position Nigeria’s livestock industry for global competitiveness.
PLRIC’s commitment to these reforms marks a step toward addressing the sector’s challenges, with further discussions expected to refine and implement these strategies.
