Nigeria seminar explores growth of agricultural sectorFrom EMEKA OKONKWO in Abuja, Nigeria
ABUJA, (CAJ News) – STAKEHOLDERS in the commodity trading and hedging and risk management sectors have converged in Abuja to explore ways of growing Nigeria’s agricultural industry.
NTL FCStone, the market leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets, is organising the event that ends on Wednesday.
The seminar is held in partnership with AFEX Commodities Exchange Limited (AFEX).
The participants in the seminar will gain insight into how a structured commodity market works and how a commodity exchange can support the development and progress of Nigeria’s agriculture and non-oil export sectors.
“The focus and interest in developing Nigeria’s agriculture sector has never been higher so now is the right time to run this seminar and support everyone in trying to build a modern and efficient market for agricultural produce” states Stuart Ponder, INTL FCStone’s Senior Vice President for Africa.
Nigeria is richly endowed with agricultural resources that have been underexploited.
Fifty years ago it was the world’s leading exporter of palm oil and peanuts, and it has the potential both to recover these markets and to become a major producer of other products that could either be exported or consumed locally to cut food import costs.
– CAJ News
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