The All Farmers Association of Nigeria (AFAN), the umbrella body representing millions of farmers across the country, today announced the signing of a landmark Memorandum of Agreement (MoA) with African Holdings Corporation (AHC) to usher in a new era of agricultural innovation powered by blockchain technology.
Under the agreement, AFAN’s extensive membership base will transition onto blockchain infrastructure, enabling secure, transparent, and efficient management of agricultural data, transactions, and services.
The collaboration will also introduce real-world asset (RWA) tokenisation through the creation of blockchain tokens backed by agricultural commodities produced by Nigerian farmers.
This groundbreaking initiative, signed in Abuja, is designed to unlock new value for farmers by providing access to global markets, alternative financing models, and digital wealth creation opportunities.
Every AFAN member will be onboarded onto a blockchain-powered registry, ensuring transparency, traceability, and inclusion in the digital economy.
The initiative will also facilitate the creation of asset-backed tokens tied to agricultural produce, allowing farmers to leverage their output as tradeable digital assets. In addition, farmer-centred community tokens will be developed to promote cooperative engagement, localised transactions, and incentivised participation.
The blockchain-driven ecosystem will provide farmers with access to insurance solutions to safeguard livelihoods, educational resources to build capacity, and geo-mapping with data analytics to support precision agriculture. It will further strengthen market linkages and financial inclusion by connecting farmers to buyers, investors, and service providers.
Speaking at the signing ceremony, Farouk Rabiu Mudi, President of AFAN, said: “This partnership represents a bold step into the future for Nigerian farmers. By leveraging blockchain and tokenisation, we are unlocking wealth for farmers, increasing efficiency, and ensuring that our agricultural sector is globally competitive.”
Also commenting, Auwal Tahir Maude, Country Executive of African Holdings Corporation, said:
“We are proud to partner with AFAN in this historic transformation. Through real-world asset tokenisation and blockchain solutions, Nigerian farmers will not only participate in the digital economy but also set a precedent for agricultural innovation across Africa.”
This collaboration positions AFAN and its members at the forefront of the global movement towards digital agriculture, providing unprecedented opportunities for growth, resilience, and sustainability.
AFAN is the apex body representing farmers across Nigeria. It advocates for farmer welfare, agricultural innovation, and national food security, serving as the voice of millions of farmers nationwide.
AHC, in contrast, is a pan-African investment and technology group focused on driving sustainable economic growth through innovation in agriculture, finance, infrastructure, and digital transformation.
