President Bola Ahmed Tinubu has approved the appointment of Dalhatu Abubakar as Chairman of the Nigeria Commodity Exchange (NCX), alongside the reconstitution of its governing board.

The appointment, which takes immediate effect, is part of the Federal Government’s efforts to strengthen Nigeria’s commodity trading ecosystem and boost non-oil export growth.

In a statement issued on Thursday, the Presidency said the move aligns with the administration’s Renewed Hope Agenda, which prioritises food security, market efficiency, and export expansion.

“The appointments are part of ongoing efforts to strengthen Nigeria’s commodity trading ecosystem, enhance price discovery, improve market transparency, and drive the expansion of non-oil exports,” the statement said.

Other members of the newly constituted 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 strategic oversight needed to fully operationalise the exchange, strengthen accountability, and attract investment into critical areas such as warehousing, logistics, and trade infrastructure.

“The reconstitution of the NCX board will provide the strategic oversight required to fully operationalise the exchange and attract investment into warehousing, logistics, and trade infrastructure,” the statement added.

The Presidency noted that the NCX remains a key institutional mechanism for achieving the administration’s food security and export diversification goals through structured commodity markets and increased private sector participation.