The Presidential Livestock Reforms Implementation Committee recently highlighted the importance of insurance coverage in boosting investments in livestock production. This message was conveyed in a communique issued on October 29 following a stakeholders consultative workshop held on October 24 and 25 in Abuja. The workshop, which saw the participation of over 400 individuals, including governors, ministers, and traditional rulers, addressed various key points.
Prof. Attahiru Jega, the Co-Chairman of the PLRIC, stressed the significance of implementing insurance coverage for livestock investments during the workshop. This recommendation aims to mitigate the risks associated with livestock farming that often discourage potential investors. Other suggestions from the workshop involved the creation of a national feed security program to stabilize supply amidst challenges such as smuggling and shortages. Additionally, stakeholders proposed the adoption of a unified digital taxation system to ease the burden of multiple taxation.
Jega also emphasized the necessity of enhancing security and attracting investments in livestock value chains to establish a conducive environment for investment. Participants highlighted the pressing need for a framework to manage conflicts between farmers and herders, emphasizing continuous engagement with stakeholders as reforms progress.
The collaborative efforts of the PLRIC are geared towards enhancing the global competitiveness of Nigeria’s livestock sector, with ongoing discussions aimed at refining these strategies further.