AfCFTA: Commodity Exchange positions Nigeria for effective operations


Buhari, 9 other presidents, others receive AfCFTA awards

The Nigeria Commodity Exchange (NCX), has been positioned to facilitate efficient export of commodities as the African Continental Free Trade Agreement (AfCFTA) takes off.

Its Managing Director, Mrs Zaheera Baba-Ari, made the declaration on Sunday in Abuja when she spoke with newsmen

She said noted that the AfCFTA was an important and strategic platform that would serve to enhance the economies of African countries.

“The establishment of the continental trade bloc will be beneficial to African countries if properly managed,’’’ she said.

Baba-Ari said that in view of the expected adverse effects of COVID-19 on the world, AfCFTA would boost intra-African trade and mitigate the rapid decline in the GDP of African countries.

She said the exchange had established a network of 20 licensed delivery warehouses across major production areas in the six geo-political zones of the country for efficient receipt and storage of agro-commodities to be traded on the exchange.


Source: Vanguard Newspaper