Business
RMAFC Honours Distinguished Director at Retirement Send-Off
Joel Ajayi
Staff of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) held a retirement send-forth ceremony in honour of the Director, Chairman’s Office, Mr. Paul Adefusi, celebrating his decades of dedicated service and outstanding contributions to the Commission.
Speaking at the event held at the Old Boardroom of the Commission’s headquarters on Tuesday 20th January, 2026, the Honourable Chairman of Commission, Dr. Mohammed Bello Shehu, OFR, described Mr. Adefusi as an intellectual who is disciplined and deeply committed to duty.
He added that his impact on the Commission will be enduring. Dr Bello commended his humility, professionalism, and exemplary conduct, noting that his contributions have added in no small measure to the institution’s growth.
The Chairman encouraged him to explore new opportunities in consultancy, training, and advisory services, stressing that retirement marks a transition rather than an end.
Earlier, delivering the opening remarks on behalf of the Secretary to the Commission, Engr. Joseph Okechukwu Nwaze, the Director, Fiscal Efficiency Department, Dr. Tanimu Adamu Aliyu described Mr. Adefusi as a quiet achiever whose integrity and outstanding commitment to duty greatly strengthened the operations of the Chairman’s Office and the Commission at large.
Goodwill messages were showered on Mr. Adefusi by Directors of Customs Services, Gas Investments, Solid Minerals, and other senior officials, who spoke glowingly of his intelligence, humility, sincerity, and commitment to service.
Speakers described him as a dependable colleague, a listening leader whose legacy will endure within the Commission.
In his response, Mr. Adefusi expressed deep appreciation to the leadership, management, and staff of the Commission for the support and cooperation he enjoyed throughout his career.
He described his years at RMAFC as fulfilling and pledged to remain an ambassador of the values of integrity, professionalism, and service that defined his time in public office.
The ceremony marked a fitting tribute to a distinguished public servant whose legacy will remain firmly etched in the history of RMAFC.
Agriculture
PULA, Leadway Assurance Disburse ₦396 Million to Climate-Affected Farmers, Strengthen Food Security Efforts
In a major intervention to shield smallholder farmers from climate shocks, agri-insurtech firm PULA has spearheaded the disbursement of ₦396,697,672 in insurance claims to over 40,000 farmers impacted during the 2025 wet season.
The payout, executed in partnership with Leadway Assurance and supported by the Presidential Food Systems Coordinating Unit (PFSCU), covered farmers across Taraba, Borno, Kaduna, and Plateau States who suffered climate-related losses.
The initiative was made possible in part by Bayer Foundation, whose $450,000 premium subsidy support in 2025 wet season helped lower the cost of insurance for thousands of vulnerable smallholders in 8 states, with 4 states receiving payouts. The Foundation is set to scale up its contribution to match the growing aspirations of state governments.
Speaking at the cheque presentation ceremony in Abuja during the 2025 Wet Season Insurance Claims Payout under the National Agribusiness Planning Mechanism (NAPM), PULA’s Nigeria Country Director, Dr. Michael Enahoro, said the initiative goes beyond compensation, insisting that it’s about securing Nigeria’s food systems.
“Our focus is not just on payouts but on increasing food production. We must continue to support farmers who work tirelessly under harsh conditions to feed the nation,” Dr. Enahoro said. He called for stronger policies that directly impact farmers and reaffirmed PULA’s commitment to expanding agricultural insurance as a tool for resilience.
PULA’s data-driven approach to climate risk was key to identifying affected farmers and triggering payments. The company worked with Leadway Assurance to underwrite the risk, while PFSCU aligned the program with the national food security agenda. State governments also supported grassroots enrollment.
Gboyega Lesi, MD/CEO of Leadway Assurance, described the payout as “a reinforcement of a safety net that protects the hard work of thousands of farmers,” adding that “through climate insurance, we ensure that a bad season does not translate into total loss of livelihood.” He commended PULA’s technology and field structure for making rapid, transparent payouts possible.
Ayoola Fatona, Global Head of Agric Solutions at Leadway Assurance, noted that the 2025 wet season brought significant climate variability and yield fluctuations. “The true value of insurance lies in claims payment, especially in challenging periods. Our data-driven partnership with PULA helped mitigate losses,” he said.
Looking ahead, PULA and Leadway Assurance plan to scale coverage to 73,000 farmers in the 2026 farming season, deepening penetration of climate insurance across Nigeria’s food-producing belts.
Commissioners from the beneficiary states commended PULA and Leadway Assurance for de-risking agriculture, restoring farmers’ confidence, and building a more resilient agricultural sector
State-by-state breakdown of claims facilitated by PULA:
- Taraba State: ₦154,308,035
- Borno State: ₦127,192,472
- Kaduna State: ₦69,726,150
- Plateau State: ₦45,471,015
Total: ₦396.7 million.
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