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An Appraisal of the Roles Of Government Policies In Promoting Agricultural Insurance In Nigeria

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Description

– An Appraisal of the Roles Of Government Policies In Promoting Agricultural Insurance In Nigeria –

Download An Appraisal of the Roles Of Government Policies In Promoting Agricultural Insurance In Nigeria. Students who are writing their projects can get this material to aid their research work.

Abstract

This research work is focused on the appraisal of the role of government policies in promoting agricultural insurance in Nigeria. The study examined existing policies that were implemented by government and how these policies has gone to improve agricultural insurance in Nigeria.

Data were obtained through the use of interview and questionnaires, the researcher also used chats and tables.

Analysis of variance (ANOVA) statistical tool The government of Nigeria has a duty to her citizen in terms of making available or providing the social, economic infrastructure and legal frame work that will promote agricultural business in Nigeria.

The researcher summarized and concluded the work by putting forward useful recommendations on how government can improve the agricultural sector and also how to maximize the benefits government policies has brought with it.

Introduction

1.1 Background of the Study

Starting in  2010-2011, the government of Nigeria after years of being neglect began to reform the agricultural sector to focus the sector, the government implemented a new strategy called “The Agricultural Transformation Agenda ATA” this policy is aim at helping Nigeria’s refocus attention on agriculture.

Growth and development in any economy, especially the agricultural sector is an activity that cannot be effectively carried out without involving insurance, Thus insurance plays a vital role in the development of the agricultural sector Nigeria.

Agricultural insurance is normally undertaken as a market based activity by private or state sector insurance companies, often with the support measures from government .the government through  various  policies and intervention has been very active in the promotion of agricultural insurance in Nigeria.

This is buttressed by the fact that agriculture has been a predominant occupation which has over the years provided economic development, it accounts for about 40-50% of the GDP.

As far as agricultural insurance is concern the place of agricultural insurance cannot be over emphasised .one cannot discuss agricultural insurance before first identifying what insurance means.

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