By By Elizabeth Ugbo
President Bola Tinubu has appointed Mrs Arinola Ogbara-Banjoko as a Non-Executive Director on the board of the Nigeria Commodity Exchange. The appointment represents Lagos State under the Federal Ministry of Industry, Trade and Investment. Presidential spokesman Bayo Onanuga announced the development on May 7, 2026. Furthermore, the presidency said the appointment will strengthen commodity trading and improve market access for farmers and investors.
Arinola Ogbara-Banjoko Replaces Bamidele Hussein
According to the statement, Mrs Ogbara-Banjoko replaces Mrs Bamidele Hussein on the board of the exchange. The presidency explained that the appointment aligns with the Federal Government’s economic growth strategy.
In addition, officials expect the new board member to contribute professional expertise toward improving the operations of the commodity exchange.
Tinubu Earlier Constituted NCX Board
Earlier in April, President Tinubu constituted the board of the Nigeria Commodity Exchange. He appointed Dalhatu Abubakar as chairman alongside other non-executive directors.
The government stated that the board will support efforts to deepen commodity trading across Nigeria. It also aims to expand investment opportunities within the agricultural sector.
Presidency Highlights Economic Goals
The presidency noted that Mrs Ogbara-Banjoko’s appointment could boost confidence in the exchange. As a result, farmers and investors may gain wider market access.
Moreover, the government believes stronger commodity trading can stimulate economic growth and improve agricultural value chains nationwide.
