WHY YOU NEED IT

ABUJA SECURITIES & COMMODITY EXCHANGE PLC

ASCE will provide the following benefits to the Nigerian economy:

To Farmers/Producers:

v Engender perfect knowledge of the agricultural produce markets

v Bring about proper price discovery leading to proper pricing of agro-produce

v Reduce cost of farming operations and improve quality of agro-produce through adoption of best practice procedures

v Reduce or eliminate price differentials in adjacent markets

v Improve aggregation (bulking) of commodity volumes

v Effectively mobilize agricultural produce from surplus to deficit areas

v Minimize waste in agricultural produce marketing and consumption

v Improve output and post harvest handling of agricultural crops for better pricing

v Improve income and standard of living.

v Standardize weights and measures for commodity trading to facilitate uniform pricing

v Eliminate the need for farmers to sell produce at harvest period when price is poorest

v Provide hedging facility as an instrument against falling produce price

v Improve access to loans as farming will become more lucrative

To Consumers

v Reduction in input procurement costs as procurement managers will have better knowledge of supply markets

v Widen access of agro-produce consumers to commodity markets for sourcing of inputs

v Provide hedging facility as an instrument to safeguard against unfavourable commodity price increases

v Better consumables inventory management resulting in more efficient planning function

v Assurance of year-round supply of agro-inputs

To the Nigerian Economy

v Arrest rural-urban drift

v Create employment and generate wealth

v Improve Internally Generated Revenue and its collection as commodity markets will become more organised

v Increase supply of raw materials for agro-processing companies

???? v Encourage research into processing of Nigerian agro-produce

v Increase the earnings of operators such as banks, insurance companies, investment fund managers, transporters, warehouse operators, etc

v Attract Direct Foreign Investment in agro-related economic sectors

v Provide access to world markets for Nigerian agricultural produce

v Improve the contribution of the agricultural sector to national GDP

CONTACT

Exchange Office:

#397, Muhammadu Buhari Way

Central Area

P.O.Box 404, Garki

Abuja.

Tel: 09-6710828, 09-6708997

Fax: 09-2347196, 08066800004

e-mail- md@abujacomex.com