Ayodeji Balogun

Regional Director, AFEX Commodities Exchange (West Africa)

Ayodeji Balogun currently serves as the Country Manager for AFEX Commodities Exchange Limited (AFEX Nigeria) and the Business Lead for Africa Exchange Holdings Limited in West Africa, where he is pioneering the development of a private sector led commodities exchange and warehouse receipt system. He doubles as the Product Development Manager, leading value chain development in the Agriculture Sector in Africa.

He is an MBA graduate of the Lagos Business School and has a first degree in Mechanical Engineering. Before this,Ayodeji grew up as an entrepreneur, starting commodity trade in his teenage years, and managing his family owned commodities trading business with turnover in excess of USD15 million.

He worked as an associate at Doreo Partners where he contributed to the development of Nigeria’s Agriculture Transformation Plan (in 2011) and the design of Doreo’s flagship impact investment – Babangona – a farm franchise out-grower scheme currently with 20,000 farmer membership and has witnessed farmers yield triple and income levels increase by over 200%.

Before joining AFEX, Ayodeji supported several private sector enabling policy initiatives at the Tony Elumelu Foundation including designing the Nigerian National Competitiveness Council and drafting a bill to regulate the non-profit sector in Nigeria.


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