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Nigeria’s main commodities market participant, AFEX, has inked a partnership with Niger State Ministry of Agriculture and the Niger State Commodity and Export Promotion Agency (NSCEPA) to improve the productivity of agriculture.
The partnership will see AFEX creating processing amenities together with a sesame cleansing centre in Lapai/Agaie. It can even embrace the deployment of operations that can allow monetary inclusion for Niger State farmers alongside the availability of storage and extension providers that can facilitate crop standardization and safety.
As a celebration within the MoU, AFEX can even deploy its Agric Service Provider mannequin in Niger State, which would come with supporting, coaching, and financing different business agriculture service suppliers within the state.
Market potential
“Nigeria’s rural and market potential is being harmed by a combination of financial and infrastructure inadequacies. Infrastructure shortfalls are mostly related to the unavailability of adequate and affordable storage for farmers, among other things. Limited financing also has an effect on the value chain from a demand and supply standpoint. We are on a mission to increase the productivity and livelihoods of farmers in Niger State,” AFEX CEO, Ayodeji Balogun stated through the MOU signing.
The Director-General of the Niger State Commodity and Export Promotion Agency (NSCEPA), Fatima Wushishi, stated the partnership with AFEX will present technical experience, finance, direct markets to our farmers, know-how and warehouse administration and crop dealing with infrastructure and grading requirements required to combination and commerce commodities in a proper structured and standardized method.
“This will ensure quality, consistency and safety of the goods from the farm gate to the destination markets both domestic and international,” Wushishi stated.
AFEX, recognized for its imaginative and prescient to make Africa self-reliant in meals, has over 300,000 farmers and 100 agri-businesses registered on its Exchange and has considerably decreased the extent of market fragmentation in a number of states of operation whereas creating shared prosperity for all stakeholders.
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