Grand Cereals Limited says it has concluded plans to introduce free insurance scheme to poultry farmers, have up to 500 birds as a step to cut short the effect of bird flu. Managing Director of the company, Mr. Layi Oyatoki, who disclosed this in Jos. He said that the company initiated the insurance scheme to insure farms against the dreaded disease (bird flu) and cushion its effect whenever it occurs. Oyatoki said that the insurance would encourage both old and new farmers to continue with the poultry business with the assurance that they have something to fall back on in the event of an outbreak.
“The insurance is absolutely free for farmers, who have up to 500 birds; the company will pay the premium on their behalf provided they are using the Grand Cereals’ feed (Vital feed) consistently,” he said. Oyatoki said: “Our intention is to cover any farmer using Vital feed; we don’t have a ceiling for the number of farmers that we intend to cover. The Nigeria Agricultural Insurance Corporation (NAIC) is covering the cost of raising a bird from pullet to lay at the cost of N1,450 per bird, and the company is paying the premium of four percent of the amount.”
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