President Bola Ahmed Tinubu has praised the remarkable growth of Nigeria’s capital market since he assumed office over two years ago.
The President made the commendation 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.
President Tinubu noted the phenomenal rise in market capitalization and increased trading activity, which have broadened investment opportunities for Nigerians and international investors.
He attributed the market’s performance to investor confidence in his administration’s reforms and bold economic measures.
The President promised to continue supporting the capital market and implementing additional reforms to strengthen and expand the sector.
He lauded the NGX Board and SEC leadership for their commitment, affirming his administration’s resolve to elevate Nigeria’s financial ecosystem.
SEC Director-General Dr. Emomotimi Agama applauded the recent signing of the Investment and Securities Act (ISA) 2025, describing 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 commencement of the current administration.
He urged the fast-tracking of the listing of major state-owned enterprises and the introduction of tax incentives to sustain this momentum.
Kwairanga also invited the President to visit the NGX trading floor to recognize the achievements of the Nigerian capital market.
The President’s visit to the trading floor would be a testament to the administration’s commitment to the sector’s growth and development.
The NGX Group CEO, Temi Popoola, emphasized the importance of positioning Nigeria’s Exchange as a global investment hub through stronger partnerships, modernized market infrastructure, and deeper product innovation.
He also highlighted the need to expand retail investor participation through digital channels to promote inclusive and sustainable market growth.
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