• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria pledges enabling environment for commodity markets to grow

Market

The Matters Press by The Matters Press
June 8, 2022
Reading Time: 2 mins read
0
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

The Federal Ministry of Industry, Trade and Investment (FMITI) has promised to create enabling environment for commodity markets to grow both locally and internationally.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

The Permanent Secretary of FMITI, Dr Evelyn Ngige, said this at the official inauguration of 11 new associations into the National Commodity Associations of Nigeria held in Abuja.

Ngige said that Nigeria was ranked highest in terms of production of agricultural commodities, attributed to its vast and fertile arable lands, adding that the value addition to the commodities before marketing was the problem.

“Most of our commodities are exported in their raw forms thereby, robbing the nation of jobs and wealth, which would have been created if they have been processed here in Nigeria.

“It is in recognition of this ugly trend that the ministry is interested in nurturing and forming national commodity associations across value chain.

“To ensure linkage and synergy among the key players in various commodity subsectors as well as to encourage value addition,” she said.

Ngige also, urged new members of the association to always work hard towards the efficient attainment of their aims and objectives, especially in value addition which would contribute to the national growth and development.

Also speaking, Suleiman Audu, Director, Commodities and Export Department in the ministry, said that the Federal Government’s objectives in nurturing and establishing the association was to build strong institutional and human capacity.

“That is central to planning, managing, coordinating and monitoring of activities in the nation’s commodity value chain.

“It is essentially, to capture the need of various stakeholders, such policy makers, producers, in-put and out-put traders, processors and consumers and others involved in business of agric-commodity sector,” he said.

Dr Victor Iyama , the President of the Federation of Agricultural Commodity Association of Nigeria (FACAN), said that the association started with 15 associations which currently it has 75 members of the associations.

He added that, today it had added 11 more associations and many are on the waiting list of being certified.

According to him, business has no age limit or retirement age as long as one was in good health, they are not only producing food but bringing trade and investment into the country’s economy.

After the inauguration, the President of Bambara Nut Producers, Processors and Marketers , Igwe Ezedioramma Aniagu, said the association had done well in research and development of Bambara nut.

Aniagu added that, the association in its tireless drive for more door to door approach to the use of Bambara nut products, as a solution to world hunger saw it necessary for the ministry’s approval and launch.

“I want to assure all stakeholders and members of this great association that we shall keep our eyes to the actualisation of all that are expected of the association to aid the solution to world hunger.

“The association has a huge budget for the upcoming planting season in anticipation of achieving about two to three metric tones of Bambara nut output in the next harvest season,” he said.

Tags: Market
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Africa’s remittance inflows hit $72b

Jordan to receive Kuwait’s $38m financial support

Coronavirus hits hard as China records 811 deaths

China’s agricultural products records slight dip in prices

Recommended Stories

NIMASA moves against illegal fishing in Nigerian waters

Piracy is declining – NIMASA

February 14, 2022
Infrastructure gulp N2,7tn in Nigeria

Nigeria delivers on infrastructure despite security challenges

April 4, 2022
“Naira-4-Dollar” getting results

Naira appreciates against dollar by 0.07%

March 16, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us