The Nigerian Commodity Exchange has partnered with the Bank of Agriculture and the All Farmers Association of Nigeria to launch a price guarantee scheme. This Guaranteed Minimum Price Programme aims to protect farmers from price volatility. The programme is intended to improve food security.

It is designed to benefit a large number of farmers, with 500,000 set to be protected. Further details about the programme are available from the source.

The launch of this programme is a significant development, and more information can be found through the original announcement.