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The Presidential Livestock Reforms Implementation Committee has emphasised the need for insurance coverage to bolster investments in livestock production.
It disclosed this in a communique dated October 29 after its stakeholders consultative workshop, held on October 24 and 25 in Abuja.
The workshop gathered over 400 participants, including governors, ministers, and traditional rulers.
During the workshop, Co-Chairman of the PLRIC, Prof. Attahiru Jega, stated, “Insurance coverage for livestock investment is very important and should be implemented.”
He said this recommendation is seen as crucial in addressing the risks associated with livestock farming, which often deter potential investors.
Other recommendations from the workshop included the establishment of a comprehensive national feed security programme to stabilise supply amid challenges posed by smuggling and shortages.
Stakeholders also called for a “unified digital taxation system” to alleviate constraints from multiple taxation.
Jega noted, “There is the need to strengthen security and attract investments in livestock value chains,” highlighting the importance of creating a stable environment for investment.
Participants also addressed the urgent need for a framework to manage conflicts between farmers and herders, reinforcing that “engagement with stakeholders will also be continuous” as reforms progress.
The PLRIC’s collaborative efforts aim to make Nigeria’s livestock sector globally competitive, with ongoing discussions set to refine these strategies further.
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