The Governor of the CBN, Mr. Godwin Emefiele said the
Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority
(NSIA) are set to invest a fresh N50 billion in the Exchange.
Emefiele disclosed this, at the Inaugural Meeting of the
Steering Committee, set up to reposition the Nigerian Commodity Exchange (NCX),
Abuja.
He however disclosed that the investment would be made
through the Infrastructure Corporation (Infraco) in a push to make the exchange
functional and halt the arbitrage of middlemen, under whom Nigerian farmers
have suffered for decades.
The CBN Boss also announced the approval of President
Muhammadu Buhari to halt the on-going privatization of the Commodity Exchange,
as the process was found to have become an obstacle to the repositioning of the
organization.
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