Federal Government Reforms Driving Market Growth – NGX CEO

The Chief Executive Officer of the Nigerian Exchange Limited, Temi Popoola, has said that 2023 was one of the most successful years for the exchange due to the market-friendly reforms of President Bola Tinubu’s administration.

Popoola said this in his welcome address at the NGX Made of Africa Awards, held at the exchange headquarters in Lagos.

He said, “This has undeniably been one of the most successful years for our market, driven by market-oriented reforms introduced by the new administration.

As our clients and intermediaries, you have played an important role in the remarkable performance witnessed so far.

The NGX Made of Africa Awards is designed to recognise organisations and individuals within the Nigerian capital market ecosystem that demonstrate exceptional performance in value delivery and sustainable impact and act as key drivers in strengthening the Nigerian and African capital markets.”

Speaking further, Popoola said, “These awards serve as a platform to showcase the best the capital market has to offer, inspiring more private sector organisations, states and the federal government to list shares, issue debt securities, and inject fresh capital into the market.”

“Through NGX Made of Africa, we remain committed to encouraging and incentivising our partners, and promoting inclusivity as we contribute to the development of the capital market.”

The exchange boss added that the NGX takes pride in leading the way in innovation, excellence, and corporate governance best practices, hence the importance it attaches to “Rewarding innovation, excellence, and adherence to existing rules and regulations as fundamental to stakeholder collaboration in our market”.

Punch news/Jamiu Ogunshe