Commodity Exchange Partners Agric Ministry To Develop Markets
IN what promises to be economically beneficial to agri-business stakeholders and investors, the Federal Ministry of Agriculture and Rural Development has resolved to partner the Nigerian Commodity Exchange Commission to develop the commodity market.
To make this happen, the Commission wants to secure several warehousing and storage facilities, and seeks a working relationship with the Ministry.
Permanent Secretary of the Ministry, Arc. Sonny Echono revealed this on Tuesday, when the management of Commodity Exchange Commission came on a working visit.
Managing Director and Chief Executive Officer of the Exchange Commission, Mrs. Zaheera Baba-Ari stated that the Commission was in the ministry to seek areas of support and value addition.
Mrs. Baba-Ari said the commission wants to have a Memorandum of Understanding (MoU) on storage and co-operatives with the ministry and needs warehouses in some locations in the country.
She said the Commission started working with the Ministry of Agriculture since 2010, with a request for the leasing of some warehouses and had worked with some seed associations in the past.