Tinubu Appoints Dalhatu Abubakar As Chairman Of Nigeria Commodity Exchange

President Bola Tinubu has approved the appointment of Dalhatu Abubakar as the new chairman of the Nigeria Commodity Exchange (NCX), along with other members of the exchange’s governing board.

The appointment take effect immediately and is part of the federal government’s plan to strengthen Nigeria’s commodity trading system while boosting growth in non-oil exports.

In a statement by the presidency on Thursday, the presidency said the board’s reconstitution supports the administration’s renewed hope agenda, which focuses on food security, better market operations, 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.

The newly appointed board members are Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, Foluso Ayo-Olaiya, and Anthony Atuche, who will serve as the managing director.

The presidency explained that the restructured board is expected to provide the leadership and strategic direction needed to make the exchange fully operational, while also drawing investments into warehousing, logistics, and trade infrastructure.

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

It added that the NCX remains an important institution for delivering the administration’s goals on food security and export diversification through organised commodity markets and stronger private sector involvement.

“Through structured commodity markets and increased private sector participation, the NCX will play a critical role in formalising commodity trade, improving traceability, stabilising markets, and positioning Nigeria more competitively within regional and global value chains,” the presidency said.

Dalhatu Abubakar, a businessman from Kano State, currently serves as chairman of Al-Hamsad Integrated Rice Mills and president of the Conference of Northern States Chambers of Commerce, Industry, Mines and Agriculture (CONSCCIMA).

The presidency also highlighted that he previously served as president of the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) and is well known for his role in promoting agribusiness growth and mentoring entrepreneurs across northern Nigeria.

KanyiDaily recalls that President Bola Tinubu recently nominated Lamido Abubakar Yuguda to serve as a deputy governor of the Central Bank of Nigeria (CBN).