Nigeria: Growing Nigeria's Commodities Exchange

interview

The AFEX Nigeria Commodities Exchange, created to provide a national trading platform and develop a supply chain network for select commodities, recently hosted a risk management and commodities trading seminar in Abuja. CNBC Africa's Wole Famurewa spoke to Ayodeji Balogun, Country Manager AFEX Commodities Exchange and discussed a range of issued relating to the growth of the exchange in Nigeria.

Our approach in Africa is to create a market that includes the small local farmers which means we are not providing an exchange for the financial market alone. That means that we have to look for ways to educate the market in a way that they understand what the phenomenon is broadly, but also how we've tried to hatch it out into the realities of the sub- Saharan Africa and the Nigerian Agricultural sector.

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