Nigeria Commodity Exchange Partners AgriFin On Food Security
The Nigeria Commodity Exchange (NCX) has partnered with an indigenous company, AgriFin Nigeria, in a bid to tackle food insecurity across the country.
The NCX was established by the Federal Government to facilitate trade in agro-produce and solid minerals in Nigeria.
Speaking during a courtesy visit to the NCX management in Abuja, chairman of AgriFin Nigeria, Chief Goodie Ibru, pledged the readiness of his organization to partner with NCX towards improving the wellbeing of the common man.
He stated that the private sector in Nigeria had a responsibility towards the provision of adequate warehousing networks across Nigeria’s geo-political zones to assist farmers in properly store their yield harvest produce to reduce wastage.
Mr Ibru stressed that NCX is a veritable government platform to facilitate the entrance of Nigerian agribusiness entrepreneurs into numerous foreign markets available through such platforms like AGOA, adding that he would strive to connect the exchange to international business partnerships with UNIDO, United Nations, African Development Bank, and African Business Roundtable, among other international institutions.
Meanwhile, the Managing Director of NCX, Zaheera Baba-Ari, welcomed the offer of collaboration from Chief Ibru, stating that the exchange stands ready to play its part in the realization of the stated objectives.
She noted that the visit coincided with the exchange’s acquisition of a network of 25 warehouses from the Federal Ministry of Agriculture and Rural Development, FMARD, across the country, adding that several of them were nearing complete rehabilitation in readiness for trading operations.
The Managing Director called on similar organizations within and outside the country to partner with NCX in supporting the Federal Government’s effort to diversify the national economy and create employment.
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