Producers and merchants engaged in agro-commodity trading in Monguno local council of Borno state have been trained on best ways to utilise the services of the Nigeria Commodity Exchange (NCX) to enhance their operations.
Zaheera Baba-Ari, the Managing Director and Chief Executive Officer, of Nigeria Commodity Exchange, said the capacity building workshop organised by NCX on Agro-Commodity Trading and Warehouse Management for farmers, Agro-Processors and other market actors, was to ensure that the stakeholders have a better knowledge of the operations of the agency.
The NCX boss stated that the agency had established more than 26,000 MT 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 off- takers of 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, Baba-Ari, who was represented at the occasion by the NCX Head of Operations, Benson Lawal, praised the more than 60 stakeholders that attended the workshop for their determination to attend despite 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 the improved economic wellbeing of indigenes of the area would go a long way in minimising the negative effects of the insurgency in the state. Daily Independent