Connect with us


Coronavirus: AFEX, others, to implement FG’s programme to combat food insecurity



Coronavirus: AFEX, others, to implement FG’s programme to combat food insecurity

AFEX Commodities Exchange Limited, has expressed readiness to execute Federal Government Agriculture for Food and Jobs Plan (AFJP) in collaboration with other stakeholders.

The AFEX Chief Executive Officer, Mr Ayodeji Balogun, made this known at the launch of the programme in Katsina on Thursday.

He said the programme was meant to roll-out a structured plan to combat food insecurity in Nigeria.

He added that the measure was introduced to tackle the issue of food security, which had been further triggered by the COVID-19 pandemic.

According to him, the programme is targeted at over 2 million smallholder farmers spread across 36 states of the federation and the Federal Capital Territory (FCT).

He noted that food security was a vital agenda on a national and global levels.

He added that COVID-19 had presented unusual shocks to the country’s food systems requiring adequate planning and response to ensure resilience and recovery.

Balogun disclosed that the AFJP was aimed at producing 10 million metric tons of food including carbohydrates, animal protein and edible oils within 12 months.

According  to him, with the realities of the pandemic testing our food systems, it is up to all players in the agricultural value chain to intervene in ways that are sustainable.

“The Agriculture for Food and Jobs Plan provides structured production support by giving zero-interest input financing options to farmers.

“It enables them to access fertilisers and seeds for their production activities, which will result in increased yields at harvest time.

“The programme will reach 2.4 million farmers, producing over 10 million Metric Tons, and providing food for 100 million households,” he said.

According to him, AFEX is fully committed to repositioning agriculture in the country.

Balogun added that AFEX had in the past five years worked with different stakeholders in that regard, stressing that it had worked in a consortium with the Alliance for a Green Revolution in Africa (AGRA).

Balogun also noted that the company had worked with other public and private sector partners including National Agricultural Extension and Research Liaison Services (NAERLS), and Sasakawa.

According to him the partnership has helped to build operational capacity to deliver improved financial inclusion, farmer training and access to finance and markets.

“The programmes run under this framework have improved the capacity of farmers across Nigeria, enabling year on year growth in yields and productivity and this can be doubled down in executing the AFJP programme.

AFEX will be contributing 750,000 farmers to the AFJP programme through this consortium of partners that include AGRA, NAERLS and Sasakawa.

“The AFJP programme will allow private players, like AFEX, with access to a large number of farmers, to collaborate, sharing knowledge and technology, to drive the end goal of food security in the face of the COVID-19 pandemic.

“The private sector is also being incorporated into the programme as off-takers for the produce, which will ensure that farmers can access a market at harvest time.”

Balogun said the coordinated efforts of the AFJP programme would ensure linkages for farmers with quality inputs and support through the production cycle and access to market at harvest.

This he said would benefit the country’s drive to be food secure, and create and protect jobs in the sector.

The News Agency of Nigeria reports that the AFJP programme will be operationalised through a collaboration of the Federal Government with various state governments.

The programme will also be operationalised through a collaboration of Central Bank of Nigeria (CBN), Ministry of Agriculture and Rural Development and various private sector agriculture service providers.

Meanwhile, AFEX, established in 2014, operates 45 warehouses in Nigeria’s key grain-producing areas and accounts for 100,000 MT of total national storage capacity.

Since 2014, the exchange has reached 106,000 farmers and traded 126,400 metric tonnes of commodities with a total turnover of N14.1 billion.

AFEX was established to drive financial inclusion for rural communities, develop technology for data collection, market access and introduce products that de-risk the sector and enabling deployment of capital.

Edited By: Felix Ajide (NAN)



Cecilia John: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

I will continue to ensure peace in Edo, Gov. Obaseki assures traditional ruler  COVID-19 positive cases gradually coming down – PTF Coordinator Ex-Federal lawmaker constructs blocks of classrooms for 2 schools in Lagos Edo 2020: Ize-Iyamu promises community development Edo election: APC ward chairman dumps party for PDP COVID-19: Five states account for 60% of cases – PTF FG inaugurates Gas Network Code to deepen gas market Police nab fake soldier in Delta Gunmen kills 13 villagers in Benue – Police Civil servants docked over alleged cybercrime, get N10m bail How 16 people perish on Badagry waterways — Survivor Gov. Masari bans NGOs from IDPs camps My mission is to ensure businesses thrive in Eastern Ports – CP Akintola family appreciates Buhari for naming Railway Station after their patriarch COVID-19: Aviation stakeholders want ground handling coys to consider price adjustments Buhari vows to restore peace in North-East, others Gov. Matawalle swears in 15 new Special Advisers  Resumption: Kogi Govt. satisfied with schools’ compliance with COVID-19 protocols Salaries: NLC issues one week ultimatum to Bauchi State Government Sanwo-Olu congratulates Sen. Adeola at 51 Okowa charges new advisers to justify appointments COVID-19: IOM, ICC publish guidelines for protection of migrant workers Rep Hunpe says Lagos-Badagry Expressway, not abandoned project  COVID-19: Bua group donates 3 ambulances to Delta Govt. Gov. Sule urges Lafia residents to use Community Assemblies to foster unity CSOs raise alarm over growing incidents of rape for ritual Demand for CRVS low in Nigeria — NPC Chairman Oyetola seeks collective efforts against insurgency Kaduna CSO seeks more govt. funding to tackle rising health challenges among women, children  El Salvador to give immunity passport to those who recovered from COVID-19 RTEAN urges Gov Sanwo-Olu to intervene in tanker drivers’ strike Physically challenged persons to get automatic employment in Oyo–Gov’s aide FMDQ says new CAMA will change Nigerian financial markets Iran warns against “politicising” Beirut explosions German foreign minister wants South Korean participation in G7 summit Truck kills 2 undergraduates in Ekiti Blasphemy: Court sentences man to death by hanging in Kano Non-contact sports: Coaches, sports enthusiasts want sports centres reopened NTTF considers organising 2020 Nigeria Open before end of year Kaduna Govt sets Aug. 18, deadline for submission of 2021 expenditure proposals Abia APC Caucus expresses satisfaction with Buhari’s administration performance eTransact, Niger Insurance notify shareholders of delayed submission of financials Political Scientist urges Edo politicians to play games according to rules  Celtic given tricky tie in UEFA Champions League qualifiers, Red Star drawn away COVID-19: NITDA assures school of support on robot innovation Britain’s Prime Minister criticises new wave of migrant boat crossings Borussia Dortmund’s Sancho off to pre-season camp amid transfer speculation Alleged Insubordination : Nasarawa Assembly suspends LG boss JAMB says varsities, polytechnics, others can start Post-UTME test Sept. 7 Man docked over alleged N2.4m land fraud