Adoption of blockchain technology will provide liquidity for smallholder farmers – AFEX

AFEX Commodities Exchange Limited (AFEX) says it is introducing Warehouse Receipt Check by Trade Finance Market (TFM) to reduce fraud and drive access to funding for the agricultural sector in Nigeria.The inability of smallholder farmers to access finance has had a devastating impact on the growth of Africa’s agriculture sector – worsened by the global pandemic.As Nigeria’s first private sector commodities exchange, AFEX has developed and deployed a viable commodities exchange model for the West African market; building a strong supply chain infrastructure to support the securitisation of agri…