Tinubu names Dalhatu Abubakar as Nigeria Commodity Exchange Chairman

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

The appointments take immediate effect.

The presidency said the move is aimed at strengthening Nigeria’s commodity trading system and boosting non-oil export growth.

In a statement on Thursday, the government explained that reconstituting the NCX board aligns with its renewed hope agenda, focusing on food security, efficient markets, and expanding exports.

“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 approved board members include 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), and Anthony Atuche, who will serve as managing director.

The presidency said the reconstituted board is expected to provide the strategic oversight required to fully operationalise the exchange and attract investment into key 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, strengthen accountability, and attract investment into warehousing, logistics, and trade infrastructure,” the statement added.

The presidency said 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.

“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.

Abubakar, a businessman from Kano state, is 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 said the new chairman previously served as president of the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA), and is widely recognised for his contributions to agribusiness development and enterprise mentorship in northern Nigeria.

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