The Digest:
President Bola Tinubu has approved the appointment of Dalhatu Abubakar as chairman of the Nigeria Commodity Exchange, alongside members of its governing board, as part of efforts to strengthen the country's commodity trading ecosystem and drive non-oil export growth. The newly reconstituted board includes Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, Foluso Ayo-Olaiya as non-executive directors, and Anthony Atuche as managing director. The presidency said the exchange will play a critical role in formalising commodity trade, improving market transparency, and positioning Nigeria competitively within global value chains.
Key Points:
- Dalhatu Abubakar appointed NCX chairman; Anthony Atuche named managing director.
- Six non-executive directors appointed to the governing board.
- The reconstitution aligns with the administration's renewed hope agenda for food security and export expansion.
- Abubakar is chairman of Al-Hamsad Integrated Rice Mills and president of CONSCCIMA.
- The NCX aims to attract investment in warehousing, logistics, and trade infrastructure.
As Tinubu reconstitutes the NCX board, the government signals its commitment to formalising commodity trade and boosting non-oil exports, with an experienced agribusiness leader at the helm.
Sources: TheCable
