In a strategic move to support the Federal Government’s food security drive, Lasaco Assurance Plc has reiterated its commitment to the agricultural sector by unveiling innovative insurance solutions specifically designed for farmers and cooperatives across Nigeria.
During a courtesy visit to the Honourable Minister of State for Agriculture and Food Security, Senator Aliyu Abdullahi, the company presented its flagship Cooperative Insurance Scheme—a comprehensive initiative aimed at mitigating risks for farmers, promoting rural development, and strengthening economic resilience.
Leading the Lasaco delegation, Managing Director/CEO Razzaq Abiodun emphasized the company’s dedication to creating accessible, customer-focused insurance offerings that address the practical challenges faced by stakeholders in Nigeria’s agricultural value chain.
“At Lasaco Assurance Plc, we are committed to delivering insurance solutions that are not only innovative but also grounded in the realities of Nigerian farmers and cooperatives,” Abiodun stated.
“Our Cooperative Insurance Scheme provides reliable risk protection and financial security, supporting long-term sustainability for those who feed the nation.”
With over 40 years of industry experience, Lasaco continues to focus on enabling economic stability and safeguarding vulnerable communities across the country.
In his response, Senator Abdullahi commended the initiative, describing it as a timely complement to government efforts aimed at achieving food security, rural revitalization, and national economic stability.
He noted that the visit also provided a platform to explore public-private partnerships that could accelerate the ongoing transformation of Nigeria’s agricultural sector.
“This initiative is a welcome development and aligns perfectly with the Ministry’s objectives. Collaborations like this are essential for achieving sustainable agricultural growth,” the Minister said.
The visit underscores Lasaco Assurance Plc’s forward-thinking approach to business—proactively aligning its services with national priorities while maintaining a strong focus on customer needs.
The company’s Cooperative Insurance Scheme is seen as a bold step toward bridging protection gaps, building trust at the grassroots level, and reinforcing the foundation for a more secure and prosperous agricultural future in Nigeria.
