The Federal Government has inaugurated a new governing board for the Nigeria Commodity Exchange (NCX), in a renewed push to strengthen commodity trading and boost non-oil exports.
The inauguration, held in Abuja, marks the beginning of a new leadership phase aimed at repositioning the Exchange for improved performance and global competitiveness.
Confirming the development, Jumoke Oduwole, the Minister of Industry, Trade and Investment, said the board will provide the strategic direction required to fully operationalise the Exchange and deepen its impact on the economy.
She described the NCX as a critical driver of price discovery, market transparency, and the expansion of Nigeria’s non-oil export base, adding that the new leadership will strengthen accountability and attract much-needed investment into the sector.
The board, approved by President Bola Tinubu, is chaired by Dalhatu Abubakar, with Anthony Atuche serving as Managing Director. Other members include Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, and Foluso Ayo-Olaiya as non-executive directors.
The reconstitution forms part of broader reforms to strengthen institutional frameworks within Nigeria’s commodities sector and position the country more competitively in regional and global value chains.
The NCX plays a central role in facilitating trade in agricultural and extractive commodities, providing a structured marketplace that improves pricing, transparency, and access for producers, traders, and investors.
With the new board in place, the government is looking to unlock the full potential of Nigeria’s commodity ecosystem and drive more efficient, formalised trade across key sectors of the economy.
