Pres. Tinubu Urged to Rescue Nigeria Commodity Exchange From Imminent Collapse

• Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene to prevent the institution from collapsing, citing funding withdrawal, governance challenges, and unresolved staff welfare issues.

The appeal was contained in a statement dated January 27, 2026, titled “Save Our Soul: An Appeal from Workers of Nigeria Commodity Exchange to President Bola Ahmed Tinubu,” issued by the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees.

According to the union, the NCX, established in 1998 and later converted into a commodity exchange, plays a critical role in food security, farmer welfare, and stabilising agricultural prices through structured commodity trading.

The workers called on the Federal Government to invest directly in the NCX or mandate its shareholders, particularly the Central Bank of Nigeria, to revisit the proposed N50 billion investment through InfraCo to restore operational stability.

They further alleged that the crisis worsened following the appointment of a substantive chief executive in October 2023, accusing current management of violating public sector rules and undermining staff welfare, thereby threatening public trust in the institution.