How MD of Commodity Exchange Commision is clueless about prices of goods

Emeh Joy

A recent video has surfaced online, which shows that the Managing Director of Nigeria's Commodity Exchange Commission, Mrs Zaheera Baba-Ari, had no clue about the price of any commodity.

This is despite groans amongst the populace about the high cost of basic food items in the country.

The video showed she was being questioned by the Senator representing Ogun West district in the 9th National Assembly, Tolulope Odebiyi regarding the prices of certain commodities.

However, to the surprise of many, the MD, Mrs Baba-Ari couldn't name the price of even one commodity; she had no clue either but kept saying, "It's a daily thing...I don't really know if it's on a daily basis".

Mrs Baba-Ari's point was that the fact that she gets reports on the price of commodities every week and that they change on a daily basis justifies the fact that she has no clue about the price of even a single commodity.

The video has been viewed by many Nigerians on social media and got many commenting about it, saying it is shameful that an MD of the commodity Exchange Commission has no clue about how much commodities are sold.

Emeka Amakeze, a known Nollywood actor, posted the video with the caption, "MD of Commodities Exchange Commission, does not know the price of any commodity.

"This is how they keep disgracing Nigeria and Nigerians with quota system and cronyism".

Who is Mrs Zaheera Baba-Ari

The degree of ignorance which the Managing Director exhibited in that video would have one wondering who this MD is. Many people would be curious to know more about Mrs Baba Ari, the Managing Director of Nigeria Commodity Exchange Commission.

According to a profile page created for her on, Mrs Zaheera Baba-Ari who is the Managing Director of the Commodity Exchange Commission "joined the Exchange in 1999 as the Exchange's pioneer Manager and Head of HRM and Corporate Services Dept.

"She holds a Masters Degree in Language Arts and Communication from the University of Ibadan (1983) and B.A. English (1981) from the University of Maiduguri.

"She is a member Institute of Capital Market Registrars (ACMR) 2006 and became a Certified Procurement Officer (CPO) in Procurement Skills and Techniques 2009.

"In 2002-2003, she was the secretary of the Inter-Ministerial Technical Committee (ITC) on the conversion of Abuja Stock Exchange (ASE) to Abuja Securities and Commodities Exchange (ASCE)".

It also added that before joining the Exchange, Baba-Ari had worked in different academia, the media as well as in corporate marketing.

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