Lasaco in strategic visit to Agric Minister of State, harps on support for farmers, cooperatives

Lasaco in strategic visit to Agric Minister of State, harps on support for farmers, cooperatives

Lasaco Assurance Plc is leading a new effort to strengthen the insurance industry’s support for Nigeria’s agricultural sector.

This came with the company’s highpowered team’s strategic courtesy visit to the Honourable Minister of State for Agriculture and Food Security, Dr. Aliyu Sabi Abdullahi.

The visit held on Thursday, 3rd July 2025, according to a statement obtained on Monday, highlighted Lasaco Assurance Plc’s ongoing commitment to delivering insurance solutions tailored to the needs of farmers and cooperatives.

Managing Director/CEO of the company, Mr. Razzaq Abiodun, and key executive team members, led the presentation of the Lasaco Assurance Plc Cooperative Insurance Scheme, designed to provide farmers and agricultural cooperatives with reliable risk protection, financial security, and long-term sustainability.

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During the meeting, Lasaco Assurance Plc emphasized on its mission to deliver accessible, customer-centric insurance products that could respond to the real challenges faced by everyday Nigerians, including those in the agricultural sector. The mnister welcomed the initiative, recognizing its potential to complement government efforts in driving food security, rural development and economic resilience.

The visit also served as an opportunity to explore public-private partnerships that could support the broader goals of agricultural transformation in Nigeria.

With over four decades of experience in delivering trusted insurance solutions, Lasaco Assurance Plc continues to position itself as a key enabler of economic stability and protection for vulnerable communities.

The statement noted that the strategic courtesy visit was a reflection of Lasaco Assurance Plc’s forward-thinking approach, proactively aligning services with national priorities while keeping the interests of the customers at the core.

It stated, “This served as an act of commitment to bridging protection gaps, building trust at the grassroots, and supporting the future of agriculture in Nigeria.”

“As Lasaco Assurance Plc expands its footprint in the agric-insurance space, it remains dedicated to building solutions that empower individuals, strengthen cooperatives, and support the long-term growth of Nigeria’s agricultural sector,” it added.

Lasaco in strategic visit to Agric Minister of State, harps on support for farmers, cooperatives