AFAN, AHC Join Forces To Modernize Agriculture Sector Through Blockchain Technology

The All Farmers Association of Nigeria (AFAN), the leading organization representing millions of Nigerian farmers, has signed a landmark Memorandum of Agreement (MoA) with African Holdings Corporation (AHC), marking a significant step toward modernizing the agricultural sector through blockchain technology.

Signed in Abuja, this strategic partnership will see AFAN’s nationwide membership integrated into a blockchain-based ecosystem designed to enhance the security, transparency, and efficiency of agricultural operations and data management.

A key component of the initiative is the introduction of real-world asset (RWA) tokenisation. 

This innovation will enable the creation of digital tokens backed by agricultural commodities produced by Nigerian farmers, turning their harvests into tradeable digital assets. 

These tokens will open up access to global markets, provide alternative financing opportunities, and create new avenues for digital wealth generation.

Every AFAN member will be enrolled into a blockchain-powered registry, ensuring inclusion in the digital economy and enabling full traceability of agricultural produce. 

In addition to commodity-backed tokens, the partnership will launch farmer-focused community tokens to foster cooperative trade, local engagement, and incentivized participation within farming communities.

This pioneering collaboration sets the stage for a future where Nigerian farmers can leverage cutting-edge technology to unlock value, enhance productivity, and participate more fully in both domestic and international agricultural markets.

As part of the newly launched blockchain-powered agricultural ecosystem, Nigerian farmers will gain access to a wide range of transformative services. 

These include tailored insurance products to protect their livelihoods, capacity-building educational resources, and geo-mapping tools combined with data analytics to drive precision farming. 

The initiative also aims to improve financial inclusion and strengthen market linkages by connecting farmers with buyers, investors, and service providers.

During the official signing ceremony, AFAN President Farouk Rabiu Mudi highlighted the significance of the collaboration, stating: “This partnership marks a major leap forward for farmers across Nigeria. By embracing blockchain technology and tokenisation, we are unlocking new sources of wealth, boosting efficiency, and positioning our agricultural sector to compete globally.”

Auwal Tahir Maude, Country Executive of African Holdings Corporation, also spoke on the importance of the initiative: “We are honored to partner with AFAN on this transformative journey. By implementing real-world asset tokenisation and blockchain solutions, we are not only empowering farmers to participate in the digital economy but also setting a benchmark for agricultural innovation across the continent.”

This alliance places AFAN and its members at the forefront of the global shift towards digital agriculture, opening up new avenues for growth, resilience, and long-term sustainability.