FG Launches Climate Risk Financing to Safeguard Livestock Sector
The Federal Government of Nigeria has launched a major climate risk financing initiative aimed at protecting the nation’s livestock sector from the growing threats of drought and other climate-related shocks.
The programme, known as the Index-Based Livestock Insurance (IBLI), marks a significant shift in how agricultural and climate risks are managed across pastoral communities.
Under the initiative, ₦181.9 million was disbursed this month to 3,642 pastoralists in Adamawa State, Bauchi State, and Plateau State following satellite-monitored drought alerts.
Speaking at the IBLI claims payout ceremony, Minister of Livestock Development, Idi Mukhtar Maiha, described the programme as a foundational pillar of the government’s livestock reform strategy.
He noted that the initiative is designed to promote investment in grazing reserves, improve feed systems, strengthen animal health services, and expand processing infrastructure.
According to the minister, the insurance scheme will also help reduce market volatility, improve pastoralists’ access to finance, and enhance resilience across the livestock value chain.
The initiative forms part of broader reforms under the administration of President Bola Ahmed Tinubu, aimed at boosting agricultural productivity and strengthening climate adaptation measures nationwide.
Officials say the use of satellite technology to trigger payouts ensures transparency and timely support to herders affected by adverse weather conditions, reinforcing the government’s commitment to building a more resilient livestock sector.
