This farm is insured by

Price unit: N250,000

Farm Location: Nasarawa State

Duration: 9 months

Commodities are basically raw materials. They play an important role in most aspects of the daily lives of Nigerians, serving as food (cashew, cocoa sugar cane), energy (natural gas, crude oil), and source of income for many global investors, as commodities can be an important way to diversify their portfolio beyond traditional securities. Commodities play a vital role in Nigeria’s economy, accounting for more than 90% of its export.

Data obtained from the Central Bank of Nigeria shows that the country has a commodity-driven economy, with a total land area coverage of about 910, 768 Km2 of which about 33% is arable land and about 3.14% suitable for growing permanent crop. A step towards commodity trading is the right step in the right direction for diversification in the agricultural sector.