NCX conducts commodity, warehouse enlightenment campaign for stakeholders in Monguno


By Ayo Fadimu

The MD/CEO of Nigeria Commodity Exchange, NCX,Mrs Zaheera Baba-Ari has called on producers and merchants engaged in agro-commodity trading in Monguno local council of Borno state to patronize the exchange in order to enhance their operations.

The call was recently made during a capacity building workshop organized by NCX on Agro-Commodity Trading and Warehouse Management for Farmers, Agro-Processors and Other Market Actors located in Monguno, Borno state.

The MD/CEO revealed that NCX had established more than 26,000MT capacity warehouses in various parts of the country with the aim of more efficiently linking buyers and sellers of commercially viable agro-commodities, adding that stakeholders in the area would thus be linked to offtakers for their produce at harvest time, leading to increased profitability for them.

According to a statement signed by Chris Echikwu, the Head, Corporate Communications & Strategy of the Exchange, Mrs Baba-Ari, who was represented at the occasion by the NCX Head of Operations, Mr. Benson Lawal, praised the more than 60 stakeholders that attended the workshop for the determination to attend inspite of the security challenges in the area.

Earlier, the member representing Marte/Monguno/Nganza Federal Constituency, Rt. Hon M.T. Monguno, who was represented at the workshop by his Legislative Aide, Malam Abacha Ma’aji, admonished the participants to take advantage of the workshop to improve their livelihoods, adding that improved economic wellbeing of indigenes of the area would go a long way in minimizing the negative effects of the insurgency in the state.

Also speaking at the occasion, the Borno state zonal head of Raw Materials Research and Development Council, RMRDC, Malam Mustapha Shettima, stated that his organization is partnering with NCX to improve relevant segments of the commodity trading sector value chain in Nigeria, adding that farmers could access improved varieties of seedlings from their office in Maiduguri.