GDP Growth
Organized commodity markets directly boost state and national economic output.
OUR STORY
Established to Transform Agriculture & Minerals
Plateau Commodity Marketing Company Limited (PLACOM) is a State-owned Special Purpose Vehicle (SPV) established to strengthen commodity marketing, warehousing, supply chain management and value chain development in Plateau State. The company was incorporated under the Companies and Allied Matters Act (CAMA) 2020 on 4th September 2024 as a private company limited by shares and is wholly owned by the Plateau State Government through designated state institutions.
PLACOM was created in response to the growing need for an organized commodity marketing structure capable of connecting producers to profitable markets, reducing post-harvest losses, supporting industrial development and improving livelihoods across the state. The company serves as a strategic platform for the commercialization of agricultural commodities, solid minerals, tourism-related products and other strategic resources produced within Plateau State.
VISION
A Continentally Trusted Commodity Leader
To be a continentally trusted leader in commodity marketing, warehousing, supply chain and logistics management with a view to promoting sustainable innovation and growth in the economy.
MISSION
Transforming Commodity Markets Through Strategic Partnerships
Our mission is to enhance the transformation of the global commodity marketplace by building strategic alliances and expanding market access. We are committed to delivering cutting-edge solutions and leveraging industry expertise that drives efficiency, innovation and sustainable growth for our clients — ensuring long-term value creation while upholding integrity, trust and profitability in every transaction.
GOVERNMENT INITIATIVE
Aligned with Plateau State's Economic Vision
PLACOM operates as a strategic arm of the Plateau State Government's economic development agenda — leveraging public sector credibility with private sector efficiency to create a world-class commodity marketing institution.
STRATEGIC IMPORTANCE
Why commodity marketing matters.
Export Revenue
Certified, graded commodities access premium international markets.
Rural Income
Farmers earn more through direct market access and fair pricing mechanisms.
Economic Diversification
Reduced dependence on a single sector through commodity ecosystem development.
WHY PLACOM WAS ESTABLISHED
Addressing the Gaps in Plateau State's Commodity Economy
The global economy is increasingly driven by sustainable industrial development, food security, climate resilience and organized commodity systems. Plateau State possesses enormous natural resource potential including fertile agricultural land, vast solid mineral deposits, tourism and eco-tourism assets, and strategic geographical advantages.
Despite these opportunities, producers often face challenges such as:
Poor Market Access
Limited connections between producers and profitable domestic and international markets.
Weak Supply Chain Systems
Fragmented aggregation, transportation and distribution infrastructure across the state.
Huge Post-Harvest Losses
Significant commodity wastage between harvest and market, eroding farmer income and food security.
Price Instability
Commodity price volatility leaving farmers and miners exposed to unpredictable income.
Limited Organized Market Access
Lack of structured commodity exchanges and trading platforms accessible to local producers.
Inadequate Storage Infrastructure
Insufficient warehousing facilities across the state, limiting commodity shelf life and market readiness.
PLACOM was established to address these gaps by creating a structured commodity ecosystem that supports production, aggregation, warehousing, processing, marketing and exports — driving inclusive economic growth, strengthening food security and facilitating industrialization through efficient value chain development.
OUR CORE OBJECTIVES
PLACOM is committed to:
01 — Promoting Commodity Marketing
Enhancing the visibility, competitiveness and commercialization of commodities produced in Plateau State.
02 — Strengthening Supply Chains
Building efficient systems for aggregation, transportation, storage and distribution of commodities.
03 — Supporting Farmers and Cooperatives
Promoting the formation and development of farmer cooperatives and commodity associations.
04 — Developing Warehousing Infrastructure
Establishing and supporting modern warehousing, aggregation centres and warehouse receipt systems.
05 — Expanding Market Access
Connecting producers and businesses to local, national and international markets.
06 — Enhancing Quality Standards
Promoting grading, quality certification and standardization of commodities.
07 — Driving Economic Growth
Supporting industrial development, job creation and sustainable income generation.
08 — Promoting Food Security
Supporting structured public food procurement systems and strategic commodity reserves.
Be Part of Plateau's Agricultural Future
Whether you're a farmer, trader, investor, or institution — there's a role for you in Plateau's agricultural transformation.
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