{"id":27,"user_id":2,"title":"Nigerian Agricultural Insurance Corporation Act","description":"The Nigerian Agricultural Insurance Corporation Act (CAP. N89) established the Nigerian Agricultural Insurance Corporation (NAIC) as a body corporate to implement, manage, and administer the Agricultural Insurance Scheme. The Act's core purpose is to insure agricultural projects against selected natural hazards and to empower the Corporation to carry on other insurance businesses. The Scheme's general objective is to protect Nigerian farmers from the effects of natural hazards by providing an indemnity sufficient to keep them in business, while also promoting increased agricultural production and encouraging institutional lending. The risks covered for crops include damage or loss from fire, flood, drought, pests, and wild animal invasion, and for livestock include death or injury from accident, disease, fire, storm, and flood. The Act also established a Board of Directors to manage the Corporation's affairs and formulate policies for the Scheme.","type":"pdf","status":"published","access_level":"public","author":"Agora Policy","tags":"Policy Document","file_path":"documents\/QxhM6HLcL0eQO6HjmzqITJr9zTzwKHItNYoYWvSE.pdf","file_name":"Nigerian Agricultural Insurance Corporation Act.pdf","file_size":7322970,"views_count":0,"downloads_count":0,"published_at":"2026-04-16T00:00:00.000000Z","deleted_at":null,"created_at":"2026-04-16T18:46:13.000000Z","updated_at":"2026-04-16T18:46:13.000000Z"}