SEC, SON collaborate on commodities standards

The Securities and Exchange Commission (SEC) and the Standards Organisation of Nigeria (SON) are set to take their collaboration on Commodities Trading Ecosystem a step further with the hosting of a Commodities Standards Sensitisation Workshop. 

The workshop scheduled for November 8 and 9, 2021 will hold at Protea Hotel in Ikeja, Lagos. 

Expected in attendance are Processors, Farmer Groups, Exporters, Farmer Co-operatives, Merchants /Off takers as well as Agric Extension Officers.

The Commodities Trading Ecosystem Report had identified standards and grading as essential to determining the quality and value of commodities. 

The effective use of these standards is guaranteed to eliminate substandard agricultural commodities and enhance domestic and international trade in commodities originating from Nigeria. 

The Commodities Trading Ecosystem Implementation Committee comprising key stakeholders has been working on development of grading and standardization system in line with International best practice. Consequently, the Securities and Exchange Commission, Standards Organisation of Nigeria, and registered Commodities Exchanges, are organising a Stakeholders Sensitization Workshop on Agricultural Commodity Standards. 

The workshop would bring together stakeholders such as government agencies, farmer groups, processors, Agric commodity exporters, merchants/off-takers, collateral managers, development partners and Agric experts, amongst others to provide feedback on the commodity standards to be considered at the event. (Independent)

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