The ability of a system, community or society exposed to hazards to resist, absorb, to accommodate and recover from the effects of a hazard in a timely and efficient manner is termed resilience. In this study we used a recent cross-sectional survey data of 293 farming households in Niger State, Nigeria to examine the cost effectiveness of risk management strategies for resilience to climate shocks. Benefit-cost analysis of mitigation strategies was examined where benefit-cost ratio (BCR), and net present value (NPV) were used as decision rules. The mitigation strategies mostly used were drought tolerant crops (62.8 %), crop diversification (60.8 %), buffer stock (54.6 %) and dry season farming (41.3 %). The result showed that about 52 % of the sampled households were food secure while 48 % of them were food insecure. The result showed that dry season rice farming had the highest net bene...