The National Agricultural Development Fund teamed up with Leadway Assurance and Verdure Climate to roll out insurance products and climate financing for small farmers. NADF exec Mohammed Ibrahim said index-based coverage and pay-at-harvest options should help investors feel better about backing agricultural projects, and the partnership kicks off an AGRA-backed program aimed at boosting resilience through better financial tools.
The group plans to bundle insurance with farm loans and scale credit-linked products for rice, soybeans, and maize growers in key states. Leadway's agriculture risk lead, Fatona Ayoola Paul, said NADF gives the project a solid policy foundation to build on. The AGRA 3.0 initiative wants to expand financial access, strengthen market connections, and improve conditions for thousands of farmers through 2027.
The group plans to bundle insurance with farm loans and scale credit-linked products for rice, soybeans, and maize growers in key states. Leadway's agriculture risk lead, Fatona Ayoola Paul, said NADF gives the project a solid policy foundation to build on. The AGRA 3.0 initiative wants to expand financial access, strengthen market connections, and improve conditions for thousands of farmers through 2027.
