NAIC Announces Appointment Of New MD/CEO, Two Executive Directors

The Nigerian Agricultural Insurance Corporation (NAIC) has announced the appointment of a new Managing Director/Chief Executive Officer, Mr  Yazid Danfulani and two Executive Directors, Mr. Abubakar Jarengo (Executive Director,  Operations), and Mr Babafemi Rasheed (Executive Director,  Admin and Finance).

A statement by Magdalene Omosimua, Deputy General Manager, Corporate Affairs, NAIC, made available to this medium,  said their appointment which takes effect from May 21, 2025, was approved by the President, His Excellency,  Bola Ahmed Tinubu, and conveyed to them in a letter signed by the Secretary to the Government of the Federation, Senator George Akume on May 22, 2025.

The statement reads:

“His Excellency President Bola Ahmed Tinubu GCFR, has approved the appointment of Executive Directors for Nigerian Agricultural Insurance Corporation (NAIC ). They are:

1. Mr. Yazid Shehu Umar Danfulani – Managing Director /CEO
2. Mr. Abubakar Umar Jarengo, Executive Director, Operations
3. Mr. Babafemi Ayandayo Rasheed, Executive Director, Admin and Finance.

“President Tinubu’s letter which conveyed their appointment was signed by Senator George Akume, Secretary to the Government of the Federation (SGF) on May 22nd, 2025 states that their appointment takes effect from 21st. May, 2025, for an initial term of four years, in accordance with section15(a) of NAIC Act law 2004.

“The team is expected to bring new vigor and strategic direction to NAIC, a critical institution responsible for providing insurance to Nigeria’s agricultural sector against risks such as drought, pests, diseases and other disasters.

“The Management and entire staff of the Corporation wish them a successful working tenure.”