Temitope Mustapha, Abuja
President Bola Tinubu has reaffirmed his commitment to advancing Nigeria’s financial ecosystem and the nation’s capital market.
The president gave the assurance during his state visit to Brazil, when he received the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of the Nigerian Exchange Group Plc.
In a statement by the Presidential Spokesperson, Mr. Bayo Onanuga, President Tinubu commended Nigeria’s capital market’s remarkable growth since he assumed office over two years ago.
The president described the market’s performance as a clear reflection of investor confidence in his administration’s reforms and bold economic measures.
“Nigeria’s markets must be a trusted engine of enterprise and prosperity. My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation so that our economy works for every Nigerian,” President Tinubu said.
He noted the phenomenal rise in market capitalisation and increased trading activity, which have broadened investment opportunities for Nigerians and international investors.
President Tinubu lauded the NGX Board and SEC leadership for their commitment.
He stressed that his dialogue with the leadership of NGX was vital to achieving the Renewed Hope Agenda’s economic targets and positioning Nigeria as Africa’s premier investment destination.
SEC Director-General Dr. Emomotimi Agama applauded the recent signing of the Investment and Securities Act (ISA) 2025 and described it as one of Africa’s most comprehensive legal frameworks for capital markets.
He stated that the Act will propel Nigeria toward a ₦300 trillion market while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.
NGX Group Chairman, Umaru Kwairanga, expressed gratitude for the President’s bold reforms, noting that trading volumes and market values have nearly tripled since the start of the current administration.
He urged the fast-tracking of the listing of major state-owned enterprises, such as NNPC Limited, and the introduction of tax incentives to sustain this momentum. He also invited the president to visit the NGX trading floor to recognise these achievements.
Temi Popoola, Group CEO of NGX Group, emphasised the importance of positioning Nigeria’s Exchange as a global investment hub through stronger partnerships, modernised market infrastructure, and deeper product innovation.
He joined the delegation in thanking the president for his bold reforms.
Furthermore, he emphasised that expanding retail investor participation through digital channels will promote inclusive and sustainable market growth.
Nonso Okpala, Director NGX Group Plc, commended the administration’s reforms, citing exchange rate stability and macroeconomic predictability under the Renewed Hope Agenda as drivers of the company’s growth.
He encouraged other Nigerian businesses to list on NGX as a pathway to democratising wealth and broadening participation.