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Wednesday,
April 08, 2020 / 05:18 AM / By AFEX Commodities Exchange /Header
Image Credit: AFEX Commodities Exchange
As the
incidence of Covid-19 continues to climb commanding the focus of the world, a
key fundamental remains essential to keep in sight in our daily tallying of the
effects of the pandemic on individuals, households and the economy, which is
the question of whether Nigeria can feed itself in the short to long term. The
ability of Nigeria's food systems to support our population in the coming months
as we continue to implement protectionist measures to push back the pandemic
must be considered to enable us plan and execute appropriately, ensuring the
continued availability of sufficient and nutritious food for all.
What is clear is that the global shock brought
about by the pandemic has the potential to affect significant elements of both
the demand and supply chains, and indeed is already doing so. In the short
term, however, Nigerians need to be reassured of the status of the food supply
in the country, which is enough to cover for our demand for the next 3-4 months
provided our supply chains are kept working. Still, it is necessary to begin
exploring measures to get ahead of domestic production concerns if current
measures and realities are to persist.
AFEX Commodities Exchange Limited will be
partnering up with Proshare to hold a webinar focused on these issues on April
10th, 2020. The theme of the webinar is "The Impact of Covid-19 on Nigeria's
Food Systems" and will allow participants to explore the current situation in
Nigeria's commodities market, as well as the actions that will be required by
market players to ensure longer-term stability as we deal with the effects of
the pandemic.
According to Ayodeji Balogun, CEO AFEX Commodities
Exchange Ltd, "It is necessary to consider this on two levels. First we have to
ensure in the short term that our supply chains continue running smoothly,
allowing our existing food pile to be distributed properly and efficiently to
avoid glut in some areas and scarcity in others. It is also necessary, however,
that we start considering solutions to safeguard our next harvest, ensuring
that producers and other value chain players can withstand the impact of
disruptions that will arise from the Covid-19 pandemic".
Nigeria requires a robust and proactive response
to any looming challenges to its food systems. Safeguarding our food production
and distribution across states in the coming months is necessary to ensure that
the health crisis on our hands does not become a food crisis affecting the most
vulnerable members of our population.
To participate in the webinar, follow this link
to register, and you will get the necessary details required to join the
webinar from 4 pm on April 10, 2020.
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