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AFEX Unveils 100,000MT Grain Quality Enhancement Centre

Olushola Bello by Olushola Bello
4 years ago
in Business
afex
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AFEX has launched a new 100,000MT per year Grain Quality Enhancement Centre and 30,000 MT storage capacity warehouse in celebrating World Food Day 2022.

The plant located in Kaduna State, represents AFEX’s renewed commitment to infrastructure investments that cut post-harvest losses, strengthen quality and standardisation criteria in grain value chains, and improve the livelihoods of primary producers who are able to earn higher income on better quality grains.

The plant, which has an annual capacity of 100,000MT, meets the challenges of grain quality enhancement through cleaning, grinding, heating, drying, packaging, and storage services for maize, paddy rice, and soybean.

The CEO of AFEX, Ayodeji Balogun said: “over the years, we have seen a growing demand for grain commodities in the animal feed, food, and drink industries. However, N3.5 trillion (circa $8 billion) is lost annually after harvest because the national storage capacity can only accommodate five to seven percent of agricultural produce.

“At AFEX, we believe that the grain quality enhancement centre will help meet that demand, support the closure of quality and quantity gaps, maximise income returns for smallholder farmers, and increase access to markets that will benefit key players in the value chain and society at large.

the processing plant will include quality and quantity checks, packaging, storage, and other processes in the value chain.”

Speaking on the commissioning of the AFEX Grain Quality Enhancement Centre, the governor of Kaduna State, Mallam Nasiru el-Rufai said: “I am happy to see this new development in the agricultural value chain. Oftentimes, when farmers harvest their produce, they sell quickly at low prices to prevent post-harvest loss and in return, they never get the best value. With this centre, AFEX has closed the gap in preparation, cleaning, and logistics, helping farmers to sell at the right price.

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“I am grateful to all the partners behind AFEX, USAID-Funded West Africa Trade & Investment Hub, AGRA, for collaborating on this project and enhancing access to a structured and ready market for farmers and job creation for Nigerian youths.”

In 2021, AFEX expanded into East Africa to replicate its early successes in Nigeria and to enable seamless access to pan-African commodities trading across Africa while bolstering its food security. It followed with a $1 million loan program in July this year to provide Kenyan farmers with access to crop seed and fertiliser, allowing them to mitigate rising commodity prices.

Just like every other effort, this historic milestone on World Food Day in Nigeria aligns with the United Nations SDG goals 1, 2 5, 8 and 12 as AFEX continues to work towards resilience and sustainability of the agricultural supply chain to alleviate poverty by ensuring that farmers and growers get a better deal for their produce, everyone has access to affordable and nutritious food, and that no one is left behind.

The 100,000 MT/ year Grain Quality Enhancement Centre is a product of AFEX’ partnership with the Kaduna State Government of Nigeria and the USAID-Funded West Africa Trade & Investment Hub.

 

 

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Olushola Bello

Olushola Bello

Olushola Bello is a Senior Journalist at Leadership Newspaper, reporting on Nigeria's capital market, industry sectors, and broader economic issues. She is known for high-impact stories and in-depth analysis on business developments and financial markets, underpinned by strong editorial judgement and a commitment to accuracy and fairness.

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