A commodity player, AFEX, has partnered with agricultural investment company, South-West Agriculture Company (SWAgCo), and the Ogun State Government to develop 5,000 hectares for the production of multi-crops in the Southwest. The partnership was announced at an MoU signing ceremony at the deal room of the Feed Nigeria Summit 2021.
Focus crops for the partnership include cassava, rice and maize.
Ogun Commissioner of Agriculture, Dr Adeola Odedina, said: “Our agricultural agenda as a state continues to be bold and exemplary, and this agreement is a very important step in that agenda.
Together with AFEX and SWAgCo, we are creating a Staple Crop Zone as a vital part of the execution of the Special Agro-Industrial Zone (SAPZ) for the state, being developed in partnership with the Federal Ministry of Agriculture and Rural Development (FMARD) and the African Development Bank (AfDB).”
AFEX will deploy its exchange platform to both raise financing for the project and enable market access for the produce derived from the project.
“Our partnership with the Ogun and SWAgCo is integrating the private sector’s efficiency and innovation with the forward-thinking plans and agenda of the government of Ogun state in a way that will create jobs and enable wealth creation for the country,” said Ayodeji Balogun, CEO, AFEX.