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Food security: NCX, others move to tackle hunger

Mrs. Zaheera Baba-Ari, MD of NCX with Chief Goodie Ibru during his visit to the Exchange recently

Following several warnings from international organisations like United the Nations World Food Programme (WFP) that hunger crisis is looming in some parts of the country, the Nigeria Commodity Exchange (NCX) and AgriFin Nigeria have begun strategic moves to tackle the situation headlong.

The Federal Government established the NCX to provide a national trading platform for the organised trading of agricultural commodities and solid minerals products to ensure quality assurance of commodities and realistic price discovery.

A statement by the spokesperson of the NCX, Chris Echikwu, disclosed how international institutions would tackle the problem in line with the objectives of the Buhari administration.

The chairman of AgriFin Nigeria, Chief Goodie Ibru, was quoted to have said that the private sector in Nigeria had a responsibility towards improving the wellbeing of the common man.

He noted that the organisation and the NCX would invest in the provision of adequate warehousing network across Nigeria’s geo-political zones to assist farmers properly store their produce to reduce wastage.

Reacting, the managing director/chief executive officer of the organisation, Mrs Baba-Ari, noted that the visit coincided with the acquisition of a network of 25 warehouses from the Federal Ministry of Agriculture and Rural Development across the country, adding that several of them were nearing complete rehabilitation in readiness for trading operations.

“The warehouses, which are located in all the country’s six geo-political zones, will be equipped with quality assaying laboratories as well as market information offices to facilitate commodity trading,” she added.

She, however, called on similar organisations within and outside the country to partner with the NCX to support Federal Government’s efforts at diversifying the country’s economy and create employment.

 

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