{"id":2775,"date":"2024-04-23T17:43:41","date_gmt":"2024-04-23T17:43:41","guid":{"rendered":"https:\/\/dollyonlinenews.com.ng\/?p=2775"},"modified":"2024-04-23T17:43:45","modified_gmt":"2024-04-23T17:43:45","slug":"commodities-exchange-is-the-channel-to-effective-export-trade-for-nigeria-izunaso","status":"publish","type":"post","link":"https:\/\/dollyonlinenews.com.ng\/?p=2775","title":{"rendered":"COMMODITIES EXCHANGE IS THE CHANNEL TO EFFECTIVE EXPORT TRADE FOR NIGERIA &#8211; IZUNASO"},"content":{"rendered":"\n<p>By: Amb. Anthony Akalugo<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"379\" data-id=\"2776\" src=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075648-1.jpg?resize=696%2C379&#038;ssl=1\" alt=\"\" class=\"wp-image-2776\" srcset=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075648-1.jpg?w=720&amp;ssl=1 720w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075648-1.jpg?resize=300%2C163&amp;ssl=1 300w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075648-1.jpg?resize=696%2C379&amp;ssl=1 696w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" data-recalc-dims=\"1\" \/><\/figure>\n<\/figure>\n\n\n\n<p><em>COMMODITIES EXCHANGE IS THE CHANNEL TO EFFECTIVE EXPORT TRADE FOR NIGERIA &#8211; IZUNASO<\/em><\/p>\n\n\n\n<p>The People&#8217;s Senator, and the Chairman Senate Committee on Capital Market, Sen. Osita Izunaso has emphasized that Nigeria needs to utilise the window of commodities Exchange to enhance revenue generation.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Sen. Izunaso after retreat session ...\" width=\"696\" height=\"522\" src=\"https:\/\/www.youtube.com\/embed\/NskJwbH3ebI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\">Sen. Izunaso grants press interview after retreat &#8230;<\/figcaption><\/figure>\n\n\n\n<p>The media expert and first class lawyer turned legislator stated this during the joint retreat organised by Lagos Commodities and Future Exchange in collaboration with the Senate Committee on Capital Market in Lagos.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"381\" data-id=\"2777\" src=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075237-1.jpg?resize=696%2C381&#038;ssl=1\" alt=\"\" class=\"wp-image-2777\" srcset=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075237-1.jpg?w=720&amp;ssl=1 720w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075237-1.jpg?resize=300%2C164&amp;ssl=1 300w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075237-1.jpg?resize=696%2C381&amp;ssl=1 696w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" data-recalc-dims=\"1\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Izunaso argued that through Commodities exchange, as practiced in other healthy economies around the world, there will be emphasis on adding value to raw materials being produced or rather using it to produce goods before exporting thereby conserving the backwards integration to the economy.<\/p>\n\n\n\n<p>Sen. Osita Izunaso inferred that Agricultural produce, solid minerals such as gold, zinc, and oil and gas, are among commodities that can be traded through the commodities exchange. He pointed out that it is not only meant for Agricultural produce.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-3 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"381\" data-id=\"2778\" src=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075819-1.jpg?resize=696%2C381&#038;ssl=1\" alt=\"\" class=\"wp-image-2778\" srcset=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075819-1.jpg?w=720&amp;ssl=1 720w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075819-1.jpg?resize=300%2C164&amp;ssl=1 300w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075819-1.jpg?resize=696%2C381&amp;ssl=1 696w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" data-recalc-dims=\"1\" \/><\/figure>\n<\/figure>\n\n\n\n<p>He frowned at the practice of exporting raw materials and importing finished products, which leaves Nigeria at a negative economic balance. For instance, he posited that the practice of exporting crude oil and importing refined petroleum products is a negation of economic value.<\/p>\n\n\n\n<p>Sen. Osita Izunaso emphasized that the usual focus on money market, capital market didn&#8217;t announce the the role of commodities, in foreign exchange earnings but it is the heartbeat of the earnings for the country and should be accorded deserved attention.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Sen. Izunaso at the retreat session ...\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/7NCOAn-kHgU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\">Sen. Izunaso at the retreat session<\/figcaption><\/figure>\n\n\n\n<p>The people&#8217;s senator recommended that henceforth all export from the country should be routed through Commodities exchange in order to earn revenue for the country and to ensure effective export practices.<\/p>\n\n\n\n<p>He called on the various arms of the Government, the executive, legislature and the judiciary to collaborate to advance the course of commodities exchange for the good of the nation&#8217;s economy emphasizing that it is being practiced in other vibrant economies of the world and should not be an exception in Nigeria.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-4 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"384\" data-id=\"2779\" src=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-074948-1.jpg?resize=696%2C384&#038;ssl=1\" alt=\"\" class=\"wp-image-2779\" srcset=\"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-074948-1.jpg?w=720&amp;ssl=1 720w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-074948-1.jpg?resize=300%2C165&amp;ssl=1 300w, https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-074948-1.jpg?resize=696%2C384&amp;ssl=1 696w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" data-recalc-dims=\"1\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Izunaso is truly a critical mind that holds important role and posses enormous capacity to significantly impact Nigerian governance and economy.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Leadership Sustainability Development Training Series 2 ...\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/3bsWjW70ATA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\">Leadership Sustainability Coach &#8230;<\/figcaption><\/figure>\n\n\n\n<p>\u00a9 <em>Amb. Anthony Akalugo<\/em><br>Kpakpando Titanic Media, 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By: Amb. Anthony Akalugo COMMODITIES EXCHANGE IS THE CHANNEL TO EFFECTIVE EXPORT TRADE FOR NIGERIA &#8211; IZUNASO The People&#8217;s Senator, and the Chairman Senate Committee on Capital Market, Sen. Osita Izunaso has emphasized that Nigeria needs to utilise the window of commodities Exchange to enhance revenue generation. The media expert and first class lawyer turned [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3,13],"tags":[106,107,55,101,105],"class_list":{"0":"post-2775","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"category-politics","8":"category-world","9":"tag-capital-market","10":"tag-commodities-and-future-exchange","11":"tag-imo-west","12":"tag-orlu-zone","13":"tag-sen-izunaso"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COMMODITIES EXCHANGE IS THE CHANNEL TO EFFECTIVE EXPORT TRADE FOR NIGERIA - IZUNASO - Dolly Online News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dollyonlinenews.com.ng\/?p=2775\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COMMODITIES EXCHANGE IS THE CHANNEL TO EFFECTIVE EXPORT TRADE FOR NIGERIA - IZUNASO - Dolly Online News\" \/>\n<meta property=\"og:description\" content=\"By: Amb. Anthony Akalugo COMMODITIES EXCHANGE IS THE CHANNEL TO EFFECTIVE EXPORT TRADE FOR NIGERIA &#8211; IZUNASO The People&#8217;s Senator, and the Chairman Senate Committee on Capital Market, Sen. Osita Izunaso has emphasized that Nigeria needs to utilise the window of commodities Exchange to enhance revenue generation. 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IZUNASO LEADS SENATORS TO RETREAT ON CAPITAL MARKET AND FUTURE EXCHANGE, SEEKS FOR GREATER PARTICIPATION OF NON-FOOD PRODUCTS IN COMMODITY EXCHANGE","author":"admin@dollyonlinenews.com.ng","date":"April 22, 2024","format":false,"excerpt":"By: Amb. Anthony Akalugo SEN. IZUNASO LEADS SENATORS TO RETREAT ON CAPITAL MARKET AND FUTURE EXCHANGE, SEEKS FOR GREATER PARTICIPATION OF NON-FOOD PRODUCTS IN COMMODITY EXCHANGE https:\/\/youtu.be\/14FUhBpz83g?si=Lsf4okkoZ1diGCXa Sen. Izunaso at Capital Market retest with Lagos Commodities and Future Exchange ... Quality of deliverables defines the output of a well trained\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/dollyonlinenews.com.ng\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/Screenshot_20240422-075237.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":3028,"url":"https:\/\/dollyonlinenews.com.ng\/?p=3028","url_meta":{"origin":2775,"position":1},"title":"IZUNASO SPONSORS MODERN DAY PROCESSING OF CASSAVA FOR BENEFICIARIES FROM ORLU ZONE","author":"admin@dollyonlinenews.com.ng","date":"June 5, 2024","format":false,"excerpt":"By: Amb. Anthony Akalugo Sen. Osita Izunaso IZUNASO SPONSORS MODERN DAY PROCESSING OF CASSAVA FOR BENEFICIARIES FROM ORLU ZONE Sen. Osita Bonaventure Izunaso, who represents the largest Senatorial District in the country, Imo West Senatorial District, otherwise called Orlu zone, has come again with another bang. He works the talk\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/dollyonlinenews.com.ng\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/06\/IMG-20240408-WA0065.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":2262,"url":"https:\/\/dollyonlinenews.com.ng\/?p=2262","url_meta":{"origin":2775,"position":2},"title":"SEN. OSITA IZUNASO ATTENDS SECURITIES AND EXCHANGE COMMISSION SEC\/SENATE COMMITTEE ON CAPITAL MARKET RETREAT 2024","author":"admin@dollyonlinenews.com.ng","date":"February 5, 2024","format":false,"excerpt":"By: Amb. Anthony Akalugo, ANIPR SEN. OSITA IZUNASO ATTENDS SECURITIES AND EXCHANGE COMMISSION SEC\/SENATE COMMITTEE ON CAPITAL MARKET RETREAT 2024 The retreat of the Securities and Exchange Commission (SEC) jointly holding with the Senate Committee on Capital Market commences at Lagos Continental Hotel on 5th February, 2024. The two day\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/dollyonlinenews.com.ng\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/02\/IMG-20240205-WA0025.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":1662,"url":"https:\/\/dollyonlinenews.com.ng\/?p=1662","url_meta":{"origin":2775,"position":3},"title":"CHARTERED INSTITUTE OF BANKERS OF NIGERIA (CIBN) PAY COURTESY CALL ON SEN. OSITA IZUNASO, DESCRIBE HIM AS A CRITICAL STAKEHOLDER IN THE FINANCIAL SECTOR, SEEKS FOR SUPPORT","author":"admin@dollyonlinenews.com.ng","date":"October 7, 2023","format":false,"excerpt":"By: Amb. Anthony Akalugo CHARTERED INSTITUTE OF BANKERS OF NIGERIA (CIBN) PAY COURTESY CALL ON SEN. OSITA IZUNASO, DESCRIBE HIM AS A CRITICAL STAKEHOLDER IN THE FINANCIAL SECTOR, SEEKS FOR SUPPORT The amazing performance and pedigree of Legislative excellence of Dist. Sen. Barr. Osita Izunaso has continued to attract accolades\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/dollyonlinenews.com.ng\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2023\/10\/Screenshot_20231007-095312.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":2801,"url":"https:\/\/dollyonlinenews.com.ng\/?p=2801","url_meta":{"origin":2775,"position":4},"title":"IZUNASO AND OTHER MEMBERS OF SENATE ADHOC COMMITTEE INSPECT KADUNA REFINERY","author":"admin@dollyonlinenews.com.ng","date":"May 1, 2024","format":false,"excerpt":"By: Amb. Anthony Akalugo Sen. Izunaso on Inspection visit at Kaduna Refinery IZUNASO AND OTHER MEMBERS OF SENATE ADHOC COMMITTEE INSPECT KADUNA REFINERY In a steady record of performance and continuous strive to revive the economy of Nigeria, Dist. Sen. Osita Bonaventure Izunaso has continued to work tirelessly to see\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/dollyonlinenews.com.ng\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/05\/IMG-20240429-WA0011.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":2635,"url":"https:\/\/dollyonlinenews.com.ng\/?p=2635","url_meta":{"origin":2775,"position":5},"title":"GOLD FISH, THEY SAY, HAS NO HIDING PLACE &#8211; DIST. SEN. OSITA IZUNASO IS A GOLDEN SENATOR THAT SPARKLES ACROSS WEST AFRICAN NATIONS","author":"admin@dollyonlinenews.com.ng","date":"April 5, 2024","format":false,"excerpt":"By: Amb. Anthony Akalugo GOLD FISH, THEY SAY, HAS NO HIDING PLACE - DIST. SEN. OSITA IZUNASO IS A GOLDEN SENATOR THAT SPARKLES ACROSS WEST AFRICAN NATIONS https:\/\/youtu.be\/5mb_gK6ihP8?si=fzr_bZT6rzqMKQjY Izunaso inaugurated as member of ECOWAS 6th Parliament ... Gold senator with distinction... A clear testimony to the right choice made by\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/dollyonlinenews.com.ng\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dollyonlinenews.com.ng\/wp-content\/uploads\/2024\/04\/IMG-20240405-WA0006.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/2775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2775"}],"version-history":[{"count":1,"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/2775\/revisions"}],"predecessor-version":[{"id":2780,"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/2775\/revisions\/2780"}],"wp:attachment":[{"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dollyonlinenews.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}