Nigeria Commodity Exchange has assured Nigerians that it has enough commodities in reserve in all its storage facilities all over the country.
This disclosure was made by the Managing Director of the Exchange, Zaheera Baba-Ari in her remark after receiving the Public Servant of the year award from the Commerce and Industry Correspondents Association of Nigeria, CICAN, at its 2021 workshop and awards.
Represented by the Director of Media and Public Enlightenment of the Exchabge, Chris Echikwu, the NCX boss assured Organized Private Sector, OPS, of adequate commodities for their factories.
While calling on the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Manufacturers Association of Nigeria, MAN, and the Lagos Chamber of Commerce and Industry, LCCI, to partner with the exchange especially now where the forex scarcity is affecting sourcing raw materials abroad.
“You don’t need to stress yourself because we have enough in this country” she stressed.
Earlier, in his Keynote address the Chief Executive Officer, Center for Promotion of Private Enterprises, Muda Yusuf on the theme of the workshop, ” Impact of Forex crisis on the Real sector & MSMEs ” lamented the effects of forex crisis in the manufacturing sector.
Yusuf, who was the immediate past Director General of Lagos Chamber of Commerce and Industry, LCCI, however recognized agriculture as the major beneficiary of the forex crisis.
At the event which attracted economic experts and captains of industry in the manufacturing ,SMEs , financial institutions in the country. “Developments in the Foreign exchange aspect of the economy and its impact on the local industries took the center stage”
Panelists including Igwe Chris Oranus, Malinson Afam Ukatu, George Onofowokan,
Director of Tree Crops,Ministry of Agriculture, Ogun State, James Oyesola who represented Odedina at the event and the Director General of NACCIMA , Ambassador Ayoola Olukanni, were on hand to dissect issues around the theme of the workshop.
Highlight of the event was the award ceremony, with nine awards in different categories given to out, including the award for Advocacy for Nigeria’s Real Sector presented to Manufacturers Association of Nigeria, MAN, award for Great Strides in Wires and Cables Manufacturing in Nigeria Presented to Mr. George Onafowokan MD/ CEO Coleman Wires and Cables, award for Pioneering Tiles Production in Nigeria presented to Malinson Afam Ukatu, MD/ CEO, NISPO.,award For Sustainable Partnership with CICAN, presented to Nigeria Association Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, award for Agricultural Performer of the Year presented to Adeola Odedina, Commissioner for Agriculture Ogun State.
Others include, award for Great Manufacturing Feat in Nigeria, presented to Igwe Chris Oranu , MD/ CEO, Kris Oranu group of companies, award for Standards Ambassador of the Decade, presented to Bede Egwu Obayi , Director, National Metrology Institute, SON, award for Public Officer of the Year, presented to Mrs. Zaheera Baba-ARI, MD/ CEO Nigeria Commodities Exchange and award for Sustaining Focus on Standards, presented to Standards Organization of Nigeria, SON.
