NSE Partners Corporate Farmers to Host Maiden Financing Agric Commodity Value Chain Seminar

0

Thursday, November 22, 2018 7.15AM /
Ottoabasi Abasiekong, Proshare WebTV

 

The Nigeria Stock Exchange in partnership
with the Corporate Farmers International today hosted the maiden Financing
Agricultural Commodity Value Chain seminar in Lagos.
 

It was an opportunity for stakeholders in
the agric sector to explore how the ecosystem, can be developed further to
boost Nigeria’s economy.
 

Despite vast arable land and a massive
population, Africa’s largest economy has experienced challenges in harnessing
the agro-sector to become a key driver of the economy.
 

The seminar had a rich faculty of Mr
Akinsola Akeredolu-Ale , CEO Lagos Commodities Exchange, Mr Abimbola Babalola,
Head Market Surveillance, Nigeria Stock Exchange, Mr Oladele Akinjo, Head
Advisory and Market Services, Emerging Africa and Mr Oludare Odusanya, Product
Manager, Business Incubation Platform of the International Institute of
Tropical Agriculture.
 

Speaking on “Understanding the
Agricultural Commodity Value Chain” Mr Akinsola Akeredolu-Ale listed several
areas that has to be addressed, to unlock the opportunities for Nigeria to be a
key player in the global Agric market, namely;

  • Investing in a robust warehousing,
    logistics and distribution system for the agric sector
  • Focusing on certification of agro
    products that meet global standards
  • Giving top priority to the export of
    processed agro products, which will give the nation more value
  • Stakeholders should adopt shared
    services and avoid the silos approach in the agric space
  • Land reforms will be key to the
    development of the sector
  • The need for Nigeria to come up with
    the right agro products that it can supply to African countries and other
    parts of the globe

 

Mr Ale decried the fact that at the
African level, Agriculture was receiving less than 5% of lending from financial
institutions despite employing 60% of the population.
 

He said the estimated value for the
Nigerian agric sector in 2016 was about $85bn, which can be grown up to
$400-500bn through futures trading.
 

According to him “Nigeria must aim to
access finance to grow its Agricultural commodity value chain”.
 

Mr Oladele Akinjo from Emerging Africa
Capital in his presentation, made a strong case for increased financing in the
agriculture sector.
 

For this to be achieved he believed
structures have to be in place, while the issue of infrastructure has to be
addressed.

 The Head, Market Surveillance of
the Nigeria stock exchange Mr Abimbola Babalola shared with the participants
that Ellah Lakes, Livestock , Okomu Oil Palm and Presco were agro-based
companies listed in the exchange.

 Babalola noted that
stakeholders in the agric sector who will like to access the capital market, must
do the following;
·  

  • Be clear about their Objective funding
    needs
  • Provide Achievable fund utilization
    plans
  • Work with good market professional
    parties/ advsiers
  • Automate process of disclosing material
    information to the market
  • Build and sustain shareholders trust
  • Be concerned with secondary market
    reactions
  • Avoid De-emphasizing post listing
    requirements (regulatory disclosures and compliance) 

Mr Oludare
Odusanya the Production Manager, Agriserve Business Incubation Platform of the
IITA also
shared how the Institute was helping to grow the
African Agribusiness sector and the trends in Agric Industrialization.

 The event had as anchors the
co-founders of the Corporate Farmers International Prince Ade Ajayi and Mr Akin
Alabi.

 

Related Video


Proshare Nigeria Pvt. Ltd.

Related News

1.        
AFEX, Binkabi and STERLNBANK Announce
Integration Partnership Streamlining the Agri-Financing Process

2.       
Global Grapefruit Output in 2017 was
Approximately 6m Tonnes

3.       
Trade Rhetoric From US and China Likely to
Influence Direction of Grain Prices

4.       
Strong Policies Needed To Stimulate Commodities
Trading

5.       
Commodity Prices Have Been Relatively Flat Since
October

6.       
Improvement in Nigeria’s Business Environment
Could Boost Activities Within The Agric Value Chain

7.       
The Changing of the Guard: Shifts in Commodity
Demand – Commodity Markets Outlook

8.       
Demand for Cucumber Increases; Aggregate Output
Account for Less Than 1% of Global Supply

9.       
Commodity Markets Outlook: Modest Oil Price
Rise, Trade Uncertainty

10.     Sugar Prices Decline by 0.36% as Sugar
Consumption in India Drops

Proshare Nigeria Pvt. Ltd.

 

window.fbAsyncInit = function() {FB.init({appId : ‘581585881999312’,xfbml : true,version : ‘v2.5’});};(function(d, s, id){var js, fjs = d.getElementsByTagName(s)[0];if (d.getElementById(id)) {return;}js = d.createElement(s); js.id = id;js.src = “http://connect.facebook.net/en_US/sdk/xfbml.quote.js#xfbml=1&version=v2.5&appId=581585881999312”;fjs.parentNode.insertBefore(js, fjs);}(document, ‘script’, ‘facebook-jssdk’));

Source link