“The reconstituted NCX board is set to deliver the essential strategic guidance needed to make the exchange fully operational while drawing in vital investments for warehousing, logistics, and broader trade infrastructure. It will also strengthen accountability across the board.”
Officials described the NCX as a cornerstone institution for delivering the government’s twin goals of food security and export diversification.
“By establishing structured commodity markets and encouraging greater private sector involvement, the NCX will help formalise trade in commodities, enhance traceability, stabilise market conditions, and better position Nigeria within both regional and international value chains,” the Presidency added.
Abubakar, a seasoned businessman from Kano State, serves as chairman of Al-Hamsad Integrated Rice Mills and currently holds the position of president of the Conference of Northern States Chambers of Commerce, Industry, Mines and Agriculture (CONSCCIMA).
Persecondnews recalls that he had previously led the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) and has earned wide recognition for his contributions to agribusiness development and enterprise mentorship across northern Nigeria.
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