NCX boss calls for investment in commodity markets

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By Franklin Alli
igerian Commodity Exchange (NCX) has called for investment in commodity markets as it is being done in many parts of the world.

The Managing Director and Chief Executive Officer of NCX, Mrs. Zaheera Baba-Ari,   made the call when she addressed farmers at   a training programme organised by the Exchange in Abia State and Ekiti State.

Speaking at the event titled ‘Empowerment “training of market participants on the use of the Nigeria Commodity Trading System,’ she  stated that the federal government has repositioned the Exchange for the benefits of all Nigerians and that is the reason, the Exchange is moving from one part of the country to another in order to sensitize, train, educate and encourage Nigerians to participate in the commodity markets.

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She urged farmers  to embrace the opportunities provided by the exchange to improve their well- being and financial freedom.

Coordinator of the training programme, Mr. George Ezikpe Okiyi, stated: “The whole essence is that you can transact business from the comfort of your homes. The basic motive of doing business is to make profit.”

Okiyi said that the platform is unique in that it makes business easier and pointed out that emphasis of the programme will be on grain.

Mr. Emmanuel Egwu of Nigerian Commodity Exchange, who spoke on, ‘Spot Market Operations,’ said the event was aimed at enlightening the participants on how to be self-reliant.

He commended Honourable Prestige Ossy, member, representing Abia North/South Federal constituency of Abia State, for the collaboration with the Exchange for the training programme.

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Also speaking at the Ido-Osi local government in Ekiti State, the General Manager, operations of NCX, Mr Benson Lawal, advised the participants to seize the opportunity provided by the exchange to better their lot.

According to him, the exchange is one of the surest ways to beat recession as Nigeria is an agrarian country with farm products all the year round.

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