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A 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
• 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 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
transformation of Africa through investments that create both economic prosperity and social wealth.
Mr.Tony Elumelu,MFR , is the chairman of Heirs Holdings Limited,He’s also the Founder of The Tony Elumelu Foundation which is an Africa-based and African-funded philanthropy whose mission is to identify and groom African business leaders and entrepreneurs to enhance the competitiveness and growth of Africa’s.
Berggruen Holdings, a private company, which is the direct investment vehicle of The Nicolas Berggruen Charitable Trust. Berggruen Holdings takes a long-term, patient capital value-oriented approach and invests across a wide range of industries, continents and asset classes.Mr. Nicolas Berggruen is the Chairman of Berggruen holdings and the founder of the Berggruen Institute on Governance, an independent, non-partisan think tank, looks to use the power of the private sector to improve the livelihoods of millions of Africans.
Mr. Berggruen is a member of the Council on Foreign Relations and the Pacific Council on International Policy.
Dr. Frazer was the leading architect of U.S.-Africa policy for nearly a decade, serving as the U.S. Assistant Secretary of State for African Affairs from August 2005 to January 2009. Previously she was Special Assistant to the President, Senior Director for African Affairs at the National Security Council, and the first woman U.S. Ambassador to South Africa, appointed in 2004.
Prior to joining Heirs Holdings, Mr. Nwanze served as Group Treasurer with Bank PHB Plc., Lagos, Nigeria. As Treasurer, he was a member of the Assets and Liabilities Management Committee as well as the Credit Committee of Bank PHB. Previously, he served as Financial Controller and Head of Corporate Execution before his role in the treasury group.
