The Commodity Brokers Association of Nigeria (CBAN) has urged the Federal Government to develop policy that would enhance efficiency and transparency in agribusiness
Mr Ishaqa Yahaya, the Coordinator of the North Central zonal chapter of the association, made the call in an interview with Journalists Abuja, the nation’s capital.
The coordinator said that Nigeria could develop its economy by allowing proper dealings and pricing of commodities without the middlemen dictating the price of major agricultural produce.
“Nigeria is a country that is blessed with so many commodities. Before we discovered oil, we had agriculture powering our economy extensively.
“We do not have proper pricing of agriculture even developed economies that allow proper dealings and pricing of commodities are still struggle with pricing.
“When you have a functioning commodities exchange that is vibrant, properly regulated, you will find a very efficient way of meeting the suppliers of these commodities with people that are demanding the commodities,” he explained.
He therefore suggested repositioning the commodity exchange market to enable it facilitate trade and platforms in agricultural produce.