• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, October 1, 2023
Leadership News
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership News
No Result
View All Result
ADVERTISEMENT

Commodities Export Will Grow Economy –SEC

by Olushola Bello
4 months ago
in Business
Reading Time: 2 mins read
Share on WhatsAppShare on FacebookShare on TwitterTelegram

 

The Securities and Exchange Commission (SEC) has said, Nigeria has various commodities that could be exported in a bid to grow the economy, provide jobs for Nigerians as well as provide the nation with forex.

Director-general of SEC, Mr. Lamido Yuguda, who stated this while speaking to journalists in Lagos, noted that, the agricultural sector is expected to grow significantly in the near future.

Yuguda disclosed that, in its desire to ensure that agricultural products are of exportable standards and quality, the commission is collaborating with the Standards Organisation of Nigeria (SON) to develop standards for commodities.

He disclosed that, as a result of the collaboration with SON, some of the standards have been developed and being exposed to different markets close by and they have been received very well.

The DG noted that the development of these standards will pave way for export of these products to the international market and in turn boost the Nigerian economy.

RELATED

Hope Rises For Moribund Aba Glass Industry

Akinwuntan, Others To Speak At CBU Entrepreneurship Devt Summit

21 hours ago
Equities Investors Lose N91bn  In September

Equities Investors Lose N91bn In September

21 hours ago

‘Women In Tech Nigeria 2023’ Makeathon Impacts 1,500 Women

21 hours ago
Air Peace Begins Direct Flight To Israel, Mulls Jeddah, Medina

Air Peace Mulls Discounted Fare For Military Officers

21 hours ago

The commission, he stressed, is pleased about the new government’s mention of supporting the commodities sector as it will further boost the SEC’s efforts at developing the commodities sector.

He noted that, “already, we have licensed a total of five commodity exchanges, and also approved the trading and framework for operations of different instruments.

“This is a sector that the Commission has been working strenuously to encourage, both agricultural commodities and mineral commodities among others. This is a market that has a lot of potentials for Nigeria. We are a very good agricultural nation and we have a lot of resources and right now most of them are sold in local markets without any form standards and because of that a lot of our agricultural produce is rejected in the international market.

“You see smaller countries are able to export their agricultural products especially fruits. Our fruits are among the best in the world, but unfortunately, we are not participating in this market because of the issues of standardisation.”

Yuguda stated that, as part of the implementation of the Capital Market Master Plan, the commission constituted a Technical Committee on commodities Trading Ecosystem whose mandate was to identify challenges of the existing framework and develop a roadmap for a vibrant ecosystem.

“A committee comprising various stakeholders including the SON was set up to drive the implementation of the report. One of the recommendations in the report identified development of grading and standardisation system in line with international best practice,” he said.

SendShareTweetShare
HOW CHINESE DOCTOR RECOMMEND THIS MAGIC DRUGS THAT HELP WOMEN PREVENT AND TREAT BREAST CANCER AND ALSO HELP MEN PREVENT AND CURE PROSTATE ISSUE PERMANENTLY
ADVERTISEMENT
Previous Post

Petrol Import Bill Drops To N1.49trn In 3 Months

Next Post

Agric Export Rises By 39% In Q1

YOU MAY LIKE

Hope Rises For Moribund Aba Glass Industry
Business

Akinwuntan, Others To Speak At CBU Entrepreneurship Devt Summit

21 hours ago
Equities Investors Lose N91bn  In September
Business

Equities Investors Lose N91bn In September

21 hours ago
Business

‘Women In Tech Nigeria 2023’ Makeathon Impacts 1,500 Women

21 hours ago
Air Peace Begins Direct Flight To Israel, Mulls Jeddah, Medina
Business

Air Peace Mulls Discounted Fare For Military Officers

21 hours ago
Next Post
Agric Export Rises By 39% In Q1

Agric Export Rises By 39% In Q1

TRENDING

  • UK Releases New Entry Requirement

    UK Releases New Entry Requirement

    0 shares
    Share 0 Tweet 0
  • Meet 8 Artistes Signed By Marlian Records

    0 shares
    Share 0 Tweet 0
  • Mohbad: I Will Send You Back To Prison , Iyabo Ojo Threatens Kemi Olunloyo

    0 shares
    Share 0 Tweet 0
  • Air Peace Mulls Discounted Fare For Serving, Retired Military Officers

    0 shares
    Share 0 Tweet 0
  • Over 3m MSMEs To Benefit As Nigeria Launches FG/ALAT Skillnovation Program

    0 shares
    Share 0 Tweet 0

RECENT UPDATE

Delta Wins 7th National Youth Games
Sports

Delta Wins 7th National Youth Games

by Felix Igbekoyi
6 mins ago

Read more
Fun, Excitement As KCCN Holds 3rd Ssireum Exhibition Tournament In Abuja
Sports

Fun, Excitement As KCCN Holds 3rd Ssireum Exhibition Tournament In Abuja

by Salifu Usman
7 mins ago

Read more
Et Tu, Ireland?
Backpage

Et Tu, Ireland?

by Wole Olaoye
12 mins ago

Read more

© 2023 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2023 Leadership Media Group - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In