FG secures excess agricultural risk insurance funds

The Federal Government, through the National Agricultural Development Fund (NADF), has received excess insurance risk funds, otherwise known as surplus, from Jaiz Takaful Insurance Limited on an insurance policy taken by the Fund.
The Managing Director/CEO of Jaiz Takaful Insurance Limited, Ibrahim Shehu, disclosed this when he visited the Executive Secretary/CEO of NADF, Mohammed A. Ibrahim, to formally present the Fund with confirmation of its entitlement.
Shehu said the payment was the fulfilment of an agreement reached with NADF when the Fund took the Takaful cover. The policy covered agricultural and investment risks and the surplus arose from the 2024 financial year.
“The main...