Agriculture
NEPC, AFEX Partner To Boost Agric Export
Africa Exchange Hold
ings Limited (AFEX), has promised to work with the Nigerian Export Promotion Council (NEPC) to improve and formalize export of agricultural commodities to Republic of Niger, Chad and others.
In a statement obtained by our correspondent at the Zonal office of NEPC in Port Harocurt recently, it stated that this would be done through its subsidiary, AFEX Commodities Exchange Limited (AFEX Nigeria), a privately owned commodities Exchange platform co-owned by Heirs Holdings Limited.
The fact was disclosed at a meeting between Ambassador Jendayi Frazer, managing partner of AFEX and the Chief Executive Officer of NEPC, Mr. Olusegun Awolowo in Abuja recently.
When fully operational, the arrangement will open up new markets for Nigerian farmers and increase the income of over 100,000 smallholder farmers especially the ones domiciled in Northern Nigeria as well as stabilizing the present food security challenges in the sahel region.
Working with the West African Food Market (WAFM) – a DFID funded project, AFEX hopes to efficiently employ the Exchange to provide solutions to farmers’ challenge in aggregation, storage, financial inclusion and selling of their products thereby enhancing the output of small and medium scale farmers in agribusiness.
According to Frazer, “AFEX is all about the private sector working with government to bring value not only to stakeholder but by transforming and supporting society.
The investors are driven by a social and commercial vision and Nigeria is important because it produces 60 per cent of total grain in West Africa.
So AFEXis more about providing services to the region.
Mr Awolowo acknowledged the organization capacity and strong presence of AFEX in the sector an saw the evolving partnership with NEPC as one that will enhance economic contributions from the sector as well as douse the concerns on in formal trade especially with our neighbours.
He promised that NEPC would support AFEX’s vision to create a lasting institution that capitalizes on the country’s agricultural potential to achieve regional food security and support smallholder farmers to increase their income earning capacity.
This according to Awolowo would ultimately reduce the barriers to competitiveness of the Nigerian agricultural sector.
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Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
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