Nigeria’s Capital Market Signals Reform, Resilience — President Tinubu

Aisha John-Mark

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Nigeria has declared its capital market one of Africa’s strongest indicators of reform, resilience, and investment opportunity, as the government continues to push policies aimed at restoring confidence and deepening financial markets.

Speaking during an engagement with the leadership of the Nigerian Exchange (NGX) Group, the Securities and Exchange Commission (SEC), and capital market operators in Brazil, President Bola Ahmed Tinubu said recent reforms have strengthened the market, making it more attractive to global investors.

“In just over two years, our markets have grown stronger, deeper, and more trusted. They are proof that investor confidence is back and that our reforms are working,” President Tinubu stated.

The president reaffirmed his administration’s commitment to positioning Nigeria as Africa’s premier investment destination, highlighting regulatory stability, investor protection, and innovation as central pillars of his economic agenda.

“We will continue unlocking capital, protecting investors, and driving innovation so that our economy works for every Nigerian and every investor,” he added.

The Group Chairman of NGX, Dr Umaru Kwairanga, commended President Tinubu for his economic reforms and sought policies to deepen the capital market.

He said that the reforms had boosted investors’ confidence and significantly expanded the Nigerian capital market.

He noted that reforms in the oil and gas sector and the foreign exchange market, as well as tax policy and administration, had stabilised the economy and attracted both local and foreign investments.

The results are apparent in our capital market, where volumes and value have almost tripled since you took the oath of office as president and commander in chief two short years ago.

We are happy and very grateful, but like true Nigerians, we want even more of the good things. That is why we wish to use this opportunity to make some requests,” he said.

The NGX chairman urged the federal government to introduce additional policies to broaden and deepen the market.

The NGX chairman also extended an invitation to President Tinubu to visit the trading floor of the exchange at a convenient time to celebrate his achievements, especially in the area of economic reforms.

 

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