Nigeria: NCX Completes 12 New Warehouses, Asks for Farmers' Produce

Nigeria Commodity Exchange (NCX) has commissioned 12 delivery warehouses with a combined capacity of more than 26,000MT.

The warehouses are located in different geo-political zones across the country for the provision of state-of-the-art storage and quality assurance services.

The Managing Director/CEO of the Exchange, Zaheera Baba-Ari, told newsmen that the warehouses were being established to support trading activities on its trading floor for the benefit of Nigerian commodity traders and consumers, including food processors, exporters, National Food Reserve Agency and World Food Program, among others.

She stated that the warehouses are located in Zamfara, Bauchi, Kogi, Ekiti, Ebonyi, Sokoto, Kaduna, Nassarawa and Kano states to facilitate trade in cocoa, sesame seed, soya beans, maize, sorghum, cashew, paddy rice and cow pea, among other commercially viable agricultural commodities.

The MD/CEO revealed that under the next phase of the programme, more warehousing capacity would be rolled out in Adamawa, Cross River, Ondo, Oyo and Lagos states, in addition to others located in the states already covered.

She urged relevant stakeholders to take advantage of the NCX warehouses located across the country for year-round availability of high quality raw materials input for improved productive industrial capacity.

More From: Daily Trust

Don't Miss

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.