Nigeria targets 200 million yearly from the Agricultural Commodity Value Chain Expansion Project (ACVEP). This is according to the National President of the Federation of Agricultural Commodity Association of Nigeria, Dr. Victor Iyama.
Iyama explained that if fully tapped, the sector will create over two million jobs for young Nigerians in the area of logistics, processing, supply chain management, agriculture extension services, and establishment of new agriculture products aggregation centre when fully operational.
ACVEP
ACVEP is an initiative of the Information Marketing and Management Institute [IMMI] in collaboration with the Federation of Agricultural Commodity Association of Nigeria. It is a practical step in building a strategic synergy with innovations and technologies for transforming the agricultural commodity sector.
‘’This is a sector that can take Nigeria out of poverty as it covers insurance, transportation and health. It is about food security, sufficiency and can take care of our foreign exchange earnings. Three commodities alone can earn the country more revenues than oil,” he said.
The project is geared to expand commodity trade through implementation of agricultural research outputs, innovative best practices and multiple channel financing. Aloefuna stressed that the project will strengthen deployment of digital innovations in creating farmers’ databases, farm mapping, space technology based farm monitoring, forecast reporting, flood and environmental impact mitigation.
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