Themed ‘Mapping the Future: Unlocking Value in the Commodities Market,’ the AFEX CEO breakfast, was meant to drive new strategy for formalised commodity markets.
The first edition of its CEO Breakfast had held on the 13th of July 2023.
It 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.
The CEO, Kainos Edge Consulting Limited, Doyin Salami, while giving his presentation mentioned that, “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.”
In attendance at the event were industry leaders within the financial market across capital market operations, Pension Fund Administrators (PFAs) as well as insurance companies. The event featured high level discussions on the current state of the commodities market, challenges within the sector, and strategies to increase innovative investment for the agriculture sector.
“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,” said the president/CEO AFEX Nigeria, Akinyinka Akintunde.
“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,” he added.
The AFEX CEO breakfast builds on years of developmental initiatives spearheaded by AFEX and other key players in the commodities market to engender growth in the country’s commodity sector. A seamless interaction between the financial market and commodities market in the country creates endless potential for wealth creation and economic growth.
AFEX is a platform business that enables efficient trade for commodities in Africa. Solutions start at producer level, ensuring improvement in productivity and livelihoods while building up commodity volumes in the right quality and quantity for local and regional trade.
