President Tinubu Announces Key Appointments to Nigeria Commodity Exchange Board
President Bola Ahmed Tinubu has made significant appointments to the Nigeria Commodity Exchange (NCX), naming Dalhatu Abubakar as the new chairman and approving six members for the governing board. This move, announced on Thursday, April 2, 2026, by the Presidency via its official X handle @NGRPresident, is set to take immediate effect as part of the administration's broader economic strategy.
Strengthening Nigeria's Commodity Trading Ecosystem
The Presidency stated that these appointments are a crucial step in ongoing efforts to bolster Nigeria's commodity trading framework. The primary objectives include enhancing price discovery mechanisms, improving market transparency, and driving the expansion of non-oil exports. By reconstituting the NCX board, the government aims to provide strategic oversight necessary to fully operationalise the exchange and attract investment into critical areas such as warehousing, logistics, and trade infrastructure.
The newly approved board members are:
- Najah Muhammed (non-executive director)
- Bamidele Hussein (non-executive director)
- Mezuo Nwuneli (non-executive director)
- Obi Igwe (non-executive director)
- Foluso Ayo-Olaiya (non-executive director)
- Anthony Atuche (managing director)
Profile of the New NCX Chairman
Dalhatu Abubakar, the newly appointed chairman, brings extensive experience to the role. He is currently the chairman of Al-Hamsad Integrated Rice Mills and serves as the president of the Conference of Northern States Chambers of Commerce, Industry, Mines and Agriculture (CONSCCIMA). A native of Kano State, Abubakar previously held the position of president at the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA), demonstrating a strong background in commerce and agricultural development.
Broader Context of Recent Presidential Appointments
This announcement follows a series of other key appointments by President Tinubu, underscoring his administration's focus on advancing national priorities across various sectors. Recently, Professor Shu'aibu Aliyu was appointed as the new executive secretary of the Petroleum Technology Development Fund (PTDF), while Engineer Sule Ahmed Abdulaziz was reappointed as the CEO of the Transmission Company of Nigeria (TCN). These moves highlight the government's commitment to strengthening Nigeria's energy sector and overall economic infrastructure.
Additionally, President Tinubu has appointed Senator Ibrahim Ida, a former Katsina Central lawmaker, as the chairman of the Corporate Affairs Commission (CAC). The president also nominated seven individuals to fill vacant commissioner positions in the National Population Commission (NPC), as announced by Bayo Onanuga, the special adviser to the president on information and strategy.
The reconstitution of the NCX board is expected to play a pivotal role in enhancing accountability and fostering a more robust commodity trading environment in Nigeria, aligning with the administration's Renewed Hope agenda.
