AFEX to Drive New Strategy for Formalized Commodity Markets

AFEX, the leading private commodities exchange in Nigeria, hosted the first edition of its CEO Breakfast.

The AFEX CEO breakfast, which was themed “Mapping the Future: Unlocking Value in the Commodities Market” was created to engage industry leaders to explore alternative investment instruments as a means of portfolio diversification, with a goal of increasing participation in the commodities market.

AFEX’s CEO breakfast comes on the heels of the new administration’s move to drive agricultural growth and inclusivity through the implementation of commodity exchanges. With this strategy, the administration is looking to guarantee minimal pricing for crop commodities and enhance storage capacity across the country.

An essential part of this focus on commodity exchanges lies in boosting investment and participation of market players. This development forms the imperative of the CEO breakfast as a platform for key stakeholders to share valuable insights, explore partnerships, and create opportunities to unlock the potential of Nigeria’s Agriculture sector and deliver shared value for all.CEO, Kainos Edge Consulting Limited, Doyin Salami, while giving his presentation mentioned, “While we often speak about finance, it [finance] is not going to come until we have a rethink around structure, and that is why all of you [in this room] are stakeholders…AFEX has succeeded in putting up infrastructure to tackle challenges, but it is by no means near enough…this is why the exchange, and these conversations are important.”

“The CEO breakfast session marks an important milestone in our AFEX journey. We are extremely proud to have created this platform to foster collaboration and discourse among industry leaders. “As Nigeria’s leading private commodity exchange, we are committed to unlocking the immense value of the commodities market and enabling diverse investment opportunities. This event underscores our dedication to fostering partnerships, driving innovation, and propelling the growth of the Nigerian economy, “said President/CEO AFEX, Akinyinka Akintunde.