Jigawa State Investment and Property Development Company Ltd had signed a Memorandum of Understanding with Messrs. Apex Commodities Exchange Ltd, a company that provides a wide range of essential commodity brokerage services, that encompass market access, price discovery, trade facilitation, risk management and a commitment to transparency and fair practices.

The Parties agree that the objective of this MoU is to foster mutual cooperation and partnership for the development and growth of the commodity sector within The State.

 In pursuit of our shared vision for the advancement and prosperity of the commodity sector within The State, AFEX and JSIPDC have outlined the following areas of cooperation and mutual endeavour:

1. Debt Capital Raise on the Exchange:

Parties shall work together to explore opportunities for raising debt capital on the Exchange, with a focus on funding projects and initiatives related to the commodity sector. This may include identifying suitable financing mechanisms and investors.

2. Re-activation of Idle Commodity-related Assets within the State:

Parties shall collaborate to identify and assess idle or underutilized commodity-related assets within The State. Efforts will be made to revitalize these assets, potentially through investment, redevelopment, or other suitable means, to enhance economic activity and generate value for The State.

3. Revitalization of the Commodity Ecosystem within the State:

Parties shall jointly work on initiatives aimed at revitalizing the overall commodity ecosystem within the State. This may involve infrastructure development, market expansion, and the creation of an enabling environment for commodity trading and commerce.

4. Opportunities for Investment on the Commodity Exchange:

Parties will collaborate to identify and promote investment opportunities on the Exchange. This includes attracting investors, both domestic and international, to participate in commodity-related projects and ventures within the State.

5.    Both parties acknowledge the dynamic nature of the commodity sector and agree to explore additional areas of collaboration that may arise during the course of this collaboration. Such areas may include policy development, capacity building, and promoting sustainability practices within the commodity sector.

The MoU signing Ceremony was held at the Head Office of Apex Commodities Exchange Ltd, BOI Building Abuja and was witnessed by the Permanent Secretary (Administration & Finance) office of the Secretary to the Jigawa State Government, the General Manager (Operations) Jigawa State Investment, Management Staff of Apex Commodities Exchange and those of DSU Brokerage Ltd.