NCX, firm partner on non-oil earnings

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The Nigeria Commodity Exchange has expressed its commitment to partner with HarvestField Industries Limited, a local agro-chemical formulation and manufacturing company, to support the Central Bank of Nigeria’s vision to generate $200bn foreign exchange from non-oil sources.

The NCX and HarvestField cemented the collaboration at HarvestField’s Hill factory in Mowe, Ogun State.

He said, “HarvestField possesses the necessary resources, including 27 warehouses nationwide. We have invested N700m into this project, and now it’s time to collaborate with NCX to make it a reality. Our plan is to establish an export processing zone dedicated to exporting agro commodities.” While noting that the company currently operated on a small-scale basis, he said, “We now aim to expand significantly. We have been assisting numerous exporters in achieving high-quality outputs and increasing their production yields. Recently, we successfully exported 10 containers to the United Kingdom.”Lauding the efforts of HarvestField, the Interim Coordinator of NCX, Elenwor Ihua, strssed the critical role of non-oil sectors for Nigeria’s future, particularly agriculture.

 

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