Director-General of the SEC, Lamido Yuguda, during a meeting with the Management of NAIC in Abuja at the weekend assured that the commission is committed to developing the commodities ecosystem as a potent way forward in Nigeria’s quest for sustainable foreign exchange earnings and economic development.
“A committee composed of various stakeholders including the SON was set up to drive the implementation of the report. One of the recommendations in the report identified the development of grading and standardisation systems in line with international best practice. We are therefore willing to also work with NAIC to grow the commodities sector.”
The SEC DG said there are markets that need these commodities that are produced in Nigeria but lamented that the only impediment at the moment is lack of standards which is the reason why some of the commodities are not being accepted in the international market for now.
Source: News Formal (newsformal.com)
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