Thursday, October 22, 2020

A Glimpse at Gezawa Agro-Commodity Market

Established as an agro-commodity exchange market meant to make life easier for farmers, the Gezawa Commodity Market was first devised by a number of business investors and financial institutions, with support from various government agencies connected to agricultural development in Nigeria. 

Established as an agro-commodity exchange market meant to make life easier for farmers, the Gezawa Commodity Market was first devised by a number of business investors and financial institutions, with support from various government agencies connected to agricultural development in Nigeria. 

The ultra-modern commodity market, located in Kano, is the first agro-commodity market in Nigeria and in West Africa as a whole, with similar markets in Egypt, Rwanda and Ethiopia.

Gezawa is an organized marketplace for the exchange of numerous  agro- commodities – such as grains, sugar, cotton, cocoa, groundnut, livestock, and others – which was designed to solve problems surrounding poor market and lack of preservation facilities, factors that are silently killing farmers and farming activities in Nigeria.

Gezawa Partners With Heritage Bank to Boost Agriculture

It’s a modern, innovative center equipped with state-of-the- art infrastructure to support the efficient trading and delivery of agricultural commodities, where buyers and sellers of agricultural goods transact in a transparent way, without knowing each other, through the use of advanced technology.

The market is equipped with two types of warehouses; the smaller ones have the capacity to contain 200 trailers of goods, while the bigger ones have enough space to contain 400 trailers.

Gezawa is said to have already developed a business synergy with about 16 foreign countries to ensure ease of doing business, which entails the provision of an export terminal so commodities traded on the exchange floor can be taken for export directly from the market.

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Organizations present in the market include Nigerian Customs, the Nigerian Export Promotion Council, Bank of Agriculture, the Standard Organisation of Nigeria (SON), and SGS Inspection Services Nigeria (formerly Nigeria General Superintendence Company), among other agencies.

Farmersmanual gathered that Malam Hamza Sani, a member of the agro-commodity market’s host community said fellow community members have started witnessing signs of positive development due to the establishment of the market.

 

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