Africa exchange (AFEX), has disclosed its partnership with the Niger State ministry of Agriculture and the Niger State Commodity and Export Promotion Agency (NSCEPA) to increase the productivity and livelihoods of farmers in Niger State.
The CEO of AFEX, Ayodeji Balogun at the signing of Memorandum of Understanding (MoU) in Minna, Niger State, noted that the partnership will enable financial inclusion for Niger State farmers alongside the provision of storage and extension services that will facilitate crop standardization and protection.
AFEX ‘s infrastructure and platform investments work to unlock capital to power a trust economy in Africa’s commodities markets with over 300,000 farmers and 100 agri-businesses registered on its Exchange.
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The Exchange, through its technologies has effectively implemented a working formula that creates the avenue for farmer financing as well as working capital financing for agribusinesses, through innovative products listed on its Exchange.
Balogun explained that AFEX will develop processing facilities including a sesame cleaning center in Lapai/Agaie, as well as deployment of Agric Service Provider model, which would include supporting, training, and financing other commercial agriculture service providers in the state.
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He noted that Infrastructure shortfalls are mostly related to the unavailability of adequate and affordable storage for farmers, among other things, adding that with the partnership, things are about to change positively for the Niger State farmers.
The Director General of the Niger State Commodity and Export Promotion Agency (NSCEPA), Fatima Wushishi, stated that the partnership will ensure quality, consistency and safety of the goods from the farm gate to the destination markets both domestic and international
