Insurance as a Financial Risk Mitigation Mechanism in Northern Nigerian Agriculture: A Theoretical Framework

Key Points

• This research aims to provide a theoretical understanding of how insurance can help manage financial risks in agriculture.
• Developed a theoretical framework to analyze the relationship between insurance and risk management.
• Focused on small farmers and livestock investments in Northern Nigeria.
• Identified key dynamics between insurance programmes and agricultural financial risks.
• Proposed insights for improving risk management strategies in Northern Nigeria.