President Bola Ahmed Tinubu has hailed the remarkable growth of Nigeria’s capital market since the beginning of his administration, describing it as a strong reflection of investor confidence in ongoing economic reforms.
Speaking in Brazil on Tuesday during a meeting with the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and the Board of Directors of Nigerian Exchange Group Plc, the President noted the significant rise in market capitalisation and trading activity over the last two years. He said the gains have created broader investment opportunities for both Nigerians and international investors.
“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 added that his administration remains committed to strengthening the financial ecosystem and achieving the economic targets of the Renewed Hope Agenda.
SEC Director-General, Dr. Agama, praised the recently signed Investment and Securities Act (ISA) 2025, which he described as one of Africa’s most comprehensive legal frameworks for capital markets. He expressed confidence that the Act will propel Nigeria toward a ₦300 trillion market while ensuring investor protection and regulatory clarity.
The NGX Group delegation, led by Chairman Alhaji Umaru Kwairanga, thanked the President for his bold reforms, noting that trading volumes and market values have nearly tripled since 2023. Kwairanga urged the government to fast-track the listing of major state-owned enterprises such as NNPC Limited and called for tax incentives to sustain momentum. He also extended an invitation to the President to visit the NGX trading floor.
Temi Popoola, Group CEO of NGX Group, highlighted the importance of positioning Nigeria’s Exchange as a global investment hub through stronger partnerships, modernised infrastructure, and product innovation. He stressed that expanding retail participation via digital channels would promote inclusive and sustainable growth.
Director of NGX Group, Nonso Okpala, also commended the administration’s reforms, pointing to exchange rate stability and macroeconomic predictability as drivers of corporate growth. He encouraged more Nigerian businesses to list on NGX as a pathway to democratising wealth and widening investor participation.
