The All Farmers Association of Nigeria (AFAN) has signed a memorandum of agreement with African Holdings Corporation (AHC) to introduce blockchain technology into agricultural practices across the country.
According to a statement on Monday, the deal signed in Abuja will onboard AFAN members onto a blockchain registry to boost transparency and inclusion.
Under the deal, agricultural commodities will be tokenised into tradeable digital assets backed by real-world produce.
The initiative is expected to open new financing models for farmers, create access to global markets, and drive digital wealth opportunities.
Advertisement
The project will also establish farmer-focused community tokens to strengthen cooperative engagement and encourage local transactions. Insurance services, geo-mapping, data analytics, and capacity-building resources will also be integrated into the platform.
Speaking on the signing, Farouk Rabiu Mudi, AFAN president, described the initiative as “a bold step into the future for Nigerian farmers”.
“This partnership represents a bold step into the future for Nigerian farmers. By leveraging blockchain and tokenization, we are unlocking wealth for farmers, increasing efficiency, and ensuring that our agricultural sector is globally competitive,” he said.
Advertisement
Also commenting, Auwal Tahir Maude, country executive of AHC, said the partnership would position Nigerian farmers within the global digital economy.
He added that through real-world asset tokenisation and blockchain solutions, farmers would not only participate in the digital economy but also set a precedent for agricultural innovation across Africa.
