Analysis of the Nigerian Agricultural Insurance Corporation’sImpact on Students’ Attitudes Toward Self-Reliance from Conceptual Point of View

Abstract

The study aimed at assessing the impact of Nigerian agricultural insurance corporation among students of vocational and technical education towards self-reliance on agricultural production. The study identified the impact of the scheme among the vocational and technical education students and determined the level of awareness among vocational and technical education students. At this time, the agricultural sector has seen a variety of losses, including persistent flooding and herders-farmers’ clashes, among others. It is therefore necessary to insure farmers (students) to reduce the shock of losing their investment at any stage of production and to become financially independent after school life. However, inadequate execution of agriculture insurance policy has also contributed to the sector's low investor influx, this might be attributable to high loan default rates and significant administrative costs associated with managing small-scale agricultural transactions. It is consequently imperative for the government to intervene in this sectorial investment, especially given the need of diversifying Nigeria's oil-based economy. At this time, it is essential to Make the NAIC mode highly accessible to students in rural regions. Unfortunately, due to their subsistence operation, the majority of these students found it impossible to satisfy the scheme's standards. Furthermore, students must be encouraged to organize themselves into a powerful organization (farmer's cooperative) in order to increase their access to land.