OUR VISION

1436113549_vector_65_14A Nigeria with increased income and livelihood of smallholder farmers

• An advanced and competitive agricultural sector in Nigeria

• A commodity market with price discovery and risk management mechanism

OUR MISSION

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• To increase liquidity in commodity markets and enhance price discovery
• Improve existing value chains by linking p roduction to high value markets
• Increase farmers’ bargaining power and share of created value
• Ensure integrity and transparency of trade and reduce default risk
• futures contracts as our operations mature. We are positioning our exchange in Nigeria to become a model for other ECOWAS countries, including Ghana.
• To facilitate access to agricultural credit using the electronic warehouse receipt, AFEX Nigeria has an agreement with UBA to provide credit facilities of up to ₦5,000,000 to registered traders and farmers. Negotiations with additional banks have reached advanced stages and are ongoing.

OUR STRATEGY

1436113207_vector_65_13Our strategy consists of three points:

• Reach 100,000 smallholder farmers in 2014, grow to 225,000 in 3 years
• Increase farmer realized revenue per metric ton by 20% of baseline farm-gate price by 2016
• Improve bag-to-bulk transaction efficiency – achieve $25 per MT by 2016k