The Federal Government has inaugurated a newly reconstituted governing board for the Nigeria Commodity Exchange (NCX), in a move aimed at strengthening the country’s commodities market and boosting non-oil exports.
Gatekeepers News reports that announcing the development on X, the Minister of Industry, Trade and Investment, Jumoke Oduwole, described the exchange as a critical driver of price discovery, market transparency, and export growth.
“The new board will provide the strategic oversight required to fully operationalize the Exchange, strengthen accountability, and attract vital investment – positioning Nigeria more competitively within regional and global value chains,” she said.
“I congratulate the new members on their appointments to these pivotal roles.”
The inauguration follows the approval by President Bola Tinubu on April 2 of the new board, with Dalhatu Abubakar appointed as chairman.
Other members of the board include Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, and Foluso Ayo-Olaiya as non-executive directors, while Anthony Atuche will serve as managing director.
According to the presidency, the reconstituted board is expected to provide the leadership needed to fully operationalise the exchange and attract investments in critical areas such as warehousing, logistics, and trade infrastructure.
The move, the presidency added, aligns with the administration’s Renewed Hope agenda, which prioritises food security, improved market efficiency, and the expansion of Nigeria’s export base.
