The Presidential Livestock Reforms Implementation Committee (PLRIC) has underscored the need for insurance coverage to catalyze investment growth in Nigeria’s livestock sector. This recommendation emerged from a communiqué released on October 29, following a comprehensive stakeholders’ workshop held in Abuja on October 24-25. The workshop attracted over 400 attendees, including governors, ministers, and traditional rulers.

Co-Chairman of the PLRIC, Professor Attahiru Jega, emphasized the importance of insurance in mitigating risks that have historically discouraged investment in livestock farming. “Insurance coverage for livestock investment is very important and should be implemented,” Jega said, reinforcing its necessity to promote sector growth.

Key recommendations from the workshop include a national feed security program to ensure stable livestock feed supply amid smuggling and scarcity concerns, and a unified digital taxation system to ease the burden of multiple taxation. Prof. Jega added, “Strengthening security and attracting investments in livestock value chains are crucial for progress,” highlighting the sector’s potential if a secure and stable environment is achieved.

The PLRIC also prioritized conflict management between farmers and herders, affirming that continuous stakeholder engagement will be integral as reforms move forward. The committee’s initiatives are set to propel Nigeria’s livestock industry toward global competitiveness, with further consultations planned to solidify these strategic reforms.