DLM Financing Impact
Agriculture provides employment for about 20 per cent of the Nigerian economy. This number can triple if there is increased funding dedicated to agriculture and sustainable farming. The Central Bank of Nigeria and the Presidency have dedicated this sector as one of high priority.
DLM partners With AFeX Commodity Exchange
DLM has entered into a partnership with AFEX Commodity Exchange to create a funding structure using Warehouse Receipts to provide additional working capital to clients needing liquidity to finance commodities required to create consumer products.
The success of this program will ensure farmers receive benefit at harvest due to aggregation payments to them, off-takers are able to get the tonnage of commodities required for the year and stored in warehouses across Nigeria, and a new asset class is introduced to the Nigerian money and capital markets.