Ogbara-Banjoko appointment strengthens Nigeria Commodity Exchange board as Tinubu targets economic growth and commodity trading

Bola Tinubu has appointed Arinola Ogbara-Banjoko as a Non-Executive Director on the board of the Nigeria Commodity Exchange.

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The appointment was announced on Thursday in a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

According to the statement titled “President Tinubu appoints Arinola Ogbara-Banjoko to the board of commodity exchange,” the appointment falls under the supervision of the Federal Ministry of Industry, Trade and Investment.

Arinola Ogbara-Banjoko succeeds Bamidele Hussein as the Lagos State representative on the board.

Bayo Onanuga stated that President Bola Tinubu expects the new appointee to deploy her extensive professional experience toward strengthening the operations of the exchange.

“The President expects the new appointee to bring her wealth of experience and professionalism to bear in strengthening the exchange’s operations and supporting the Federal Government’s drive to deepen commodity trading, expand market access for farmers and investors, and stimulate economic growth,” the statement read.

The Ogbara-Banjoko appointment comes as the Federal Government intensifies efforts to improve commodity trading systems and expand agricultural market opportunities across Nigeria.

Before the latest appointment, Arinola Ogbara-Banjoko served as Coordinator of the Lagos State Special Offences Mobile Court.

During her tenure, she supervised the prosecution of traffic offenders and coordinated the auctioning of forfeited vehicles in collaboration with the Lagos State task force and the Ministry of Justice.

Her appointment fills the Lagos State slot on the board recently constituted by President Bola Tinubu in April.

The board is chaired by Dalhatu Abubakar alongside other non-executive directors.

The Nigeria Commodity Exchange, formerly known as the Abuja Securities and Commodity Exchange, functions as Nigeria’s central platform for trading agricultural commodities and other products.

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The government has continued to position the exchange as a strategic tool for improving market efficiency, boosting investor confidence and supporting economic growth within the agricultural sector.