President Bola Tinubu has praised the significant growth of Nigeria’s capital market since his administration took office.
He said this while meeting with the leadership of the Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) during his state visit to Brazil.
He attributed the increase in market capitalisation and trading activity to the confidence investors have in his economic reforms.
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Tinubu affirmed his commitment to fostering a “trusted engine of enterprise and prosperity” and pledged to continue implementing reforms that will attract capital, protect investors, and encourage innovation.
He stressed that this dialogue is crucial for achieving his “Renewed Hope Agenda” and positioning Nigeria as a top investment destination in Africa.
The SEC Director-General, Emomotimi Agama, commended the President for signing the Investment and Securities Act (ISA) 2025, describing it as one of Africa’s most comprehensive legal frameworks for capital markets.
He projected that the new law would help the market reach a value of ₦300 trillion while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.
NGX Group Chairman, Umaru Kwairanga, thanked the President for his bold reforms, noting that the market’s trading volumes and value have almost tripled.
He urged the government to fast-track the listing of major state-owned enterprises like NNPC Limited and to introduce tax incentives to sustain the current momentum.
He also invited the President to visit the NGX trading floor to acknowledge the market’s achievements.
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Group CEO of NGX Group, Temi Popoola, highlighted the importance of modernising market infrastructure and expanding digital channels to attract more retail investors.
Nonso Okpala, a Director at NGX Group, credited the administration’s reforms for improved exchange rate stability and macroeconomic predictability, which have driven the company’s growth.
