Five years into the existence of AFEX, the company has built a network of 160,000 farmers, and cumulatively facilitated over 200,000MT of commodity trades, matching orders from producers and brokers with buyers on our trading platform at fair prices.
Leveraging data from AFEX proprietary platforms, combined with a survey of over 2,000 farmers using the impact measurement instruments promoted for the Sustainable Development Goals, there is evidence of reducing poverty and hunger significantly after 3 to 4 seasons of working with a farmer.
The methodology developed in 2020 is now the foundation for annual impact measurement and reporting, and provides unique insights into farmer livelihoods across Nigeria.