Business
Tinubu Commends Capital Market Growth, Backs Reforms As SEC, NGX Project ₦300trn Valuation
President Bola Ahmed Tinubu has praised the remarkable growth of Nigeria’s capital market since he assumed office, describing it as a reflection of investor confidence in his administration’s bold reforms and economic measures.
Speaking in Brazil on Tuesday during a meeting with the Board of Directors of Nigerian Exchange Group (NGX) Plc and the Director-General of the Securities and Exchange Commission (SEC), Tinubu reaffirmed his commitment to further strengthening the market and expanding opportunities for 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,” the President said.
He commended the NGX Board and SEC leadership for their commitment, stressing that dialogue with capital market stakeholders is vital to achieving the Renewed Hope Agenda’s economic targets and positioning Nigeria as Africa’s premier investment destination.
Speaking in Brazil on Tuesday during a meeting with the Board of Directors of Nigerian Exchange Group (NGX) Plc and the Director-General of the Securities and Exchange Commission (SEC), Tinubu reaffirmed his commitment to further strengthening the market and expanding opportunities for 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,” the President said.
He commended the NGX Board and SEC leadership for their commitment, stressing that dialogue with capital market stakeholders is vital to achieving the Renewed Hope Agenda’s economic targets and positioning Nigeria as Africa’s premier investment destination.
The President assured that his administration would continue to support the market and was ready to implement additional reforms to consolidate its expansion.
SEC Director-General, Dr. Emomotimi Agama, highlighted 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 projected that the Act would propel Nigeria toward a ₦300 trillion market while ensuring equitable wealth distribution through investor protection and regulatory clarity.
NGX Group Chairman, Alhaji Umaru Kwairanga, noted that trading volumes and market values have nearly tripled since the Tinubu administration began. He urged the government to fast-track the listing of major state-owned enterprises, such as NNPC Limited, and introduce tax incentives to sustain momentum. He also extended an invitation to the President to visit the NGX trading floor in recognition of 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 infrastructure, and deeper product innovation. He stressed the need to expand retail investor participation through digital channels to promote inclusive and sustainable growth.
Nonso Okpala, a Director of 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 market participation.
