President Bola Ahmed Tinubu has hailed Nigeria’s capital market for its unprecedented growth under his administration, pledging additional reforms to strengthen investor confidence and position the country as Africa’s top investment destination.
Speaking on Tuesday in Brasília during a meeting with the Board of Directors of Nigerian Exchange Group (NGX) Plc and the Director-General of the Securities and Exchange Commission (SEC), Tinubu said the remarkable rise in market capitalisation and trading activity reflects renewed investor trust in Nigeria’s economy.
“Nigeria’s markets must be a trusted engine of enterprise and prosperity,” Tinubu said. “My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation so that our economy works for every Nigerian.”
The President commended the NGX and SEC leadership for their commitment to reforms, stressing that capital market growth is critical to achieving the Renewed Hope Agenda’s economic targets. He promised to back initiatives that strengthen the financial ecosystem, encourage investments, and expand wealth creation opportunities.
SEC Director-General, Dr. Emomotimi Agama, praised Tinubu’s signing of the Investment and Securities Act (ISA) 2025, describing it as one of Africa’s most comprehensive capital market frameworks. He said the Act could propel Nigeria toward a ₦300 trillion market while enhancing regulatory clarity and investor protection.
NGX Group Chairman, Alhaji Umaru Kwairanga, noted that trading volumes and market values have nearly tripled since the administration began, urging the fast-tracking of state-owned enterprises’ listings, including NNPC Limited. He invited the President to the NGX trading floor to celebrate these milestones and called for tax incentives to sustain momentum.
Temi Popoola, Group CEO of NGX, emphasised strengthening market infrastructure, fostering global partnerships, and innovating new products to cement Nigeria’s role as a global investment hub. He also highlighted efforts to expand retail participation through digital channels to promote inclusive growth.
READ ALSO: NDC 3.0: Subnationals Hold Key to Effective Implementation – Dr. Umar Saleh Anka
Nigeria’s NDCs 3.0 and Subnational Inclusion: Notes from a Parliamentarian
Director Nonso Okpala credited exchange rate stability and macroeconomic predictability under the Renewed Hope Agenda as key growth drivers, encouraging more Nigerian firms to list on the NGX to democratise wealth.
Tinubu assured the delegation of his administration’s readiness to implement more policies to attract investments, deepen liquidity, and boost Nigeria’s financial markets.
About the Author
