CoAmana has partnered with Pula Advisors and Leadway Insurance to introduce a new insurance product for traders and farmers in Nigeria’s traditional markets. This initiative aims to provide financial protection against climate risks, theft, accidents, and business disruptions, ensuring greater economic resilience.

Traditional markets are crucial to Nigeria’s agricultural economy but remain highly vulnerable to extreme weather, operational setbacks, and financial losses. Without proper risk protection, farmers and traders often struggle to recover from disruptions, impacting their livelihoods and food security.

To address this, CoAmana is leveraging its expertise in market management and technology to collaborate with Pula in designing an insurance solution underwritten by Leadway. The product is seamlessly integrated into CoAmana’s Amana Market platform, making insurance accessible to market participants as they conduct business.

The coverage includes protection for goods in transit, market-to-market movement, and storage losses caused by theft, fire, or weather events. It also provides business interruption coverage, ensuring that traders and farmers receive cover when unexpected challenges arise.

By ensuring more farmers and traders are insured, this initiative enhances climate resilience, stabilizes agricultural markets, and promotes economic growth. The partnership between CoAmana, Pula, and Leadway is set to transform how insurance is used to protect Nigeria’s agricultural economy, making markets more secure and sustainable.