Buhari aborts plan to privatize Commodity Exchange

President Muhammadu Buhari has disclosed that the plan to sell or privatize the Nigeria Commodity Exchange (NCX) has been aborted
As a result of this new development, the apex bank, the Central Bank of Nigeria (CBN) will invest at least N50 billion to reposition and revamp the Nigeria Commodity Exchange (NCX).
If everything goes the way it is supposed to go as regards the seriousness of the overnment a new NCX will be launched within the next 90 days.
While speaking with journalists in Abuja during the inauguration of a steering committee that will supervise the restructuring of the NCX, Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele disclosed that President Buhari has approve at least N50 billion to revamp  the NCX.
Acccording to Emefiele, other approvals granted by President Buhari included that CBN, being the Majority shareholder of NCX, should collaborate with Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation (AFC), under the Infraco Structure, for the restructuring of  the NCX to attain a world class status.

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