President Bola Ahmed Tinubu has commended Nigeria’s capital market for its remarkable growth since he assumed office over two years ago, highlighting increased market capitalisation and heightened trading activity that have expanded investment opportunities for both local and international investors.
The President made the remarks on Tuesday while receiving the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of Nigerian Exchange Group Plc during his state visit to Brazil. He described the market’s performance as a reflection of investor confidence in his administration’s reforms and 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 lauded the NGX Board and SEC leadership for their commitment, stressing that ongoing dialogue is key to achieving the Renewed Hope Agenda’s economic targets and positioning Nigeria as Africa’s premier investment destination. The President promised additional reforms to further strengthen and expand the sector.
SEC Director-General, Dr. Emomotimi Agama, praised the recently signed Investment and Securities Act (ISA) 2025 as one of Africa’s most comprehensive frameworks for capital markets, projecting it will drive Nigeria toward a ₦300 trillion market while ensuring strong investor protection.
NGX Group Chairman, Alhaji Umaru Kwairanga, noted that trading volumes and market values have nearly tripled under the current administration and called for fast-tracking the listing of major state-owned enterprises like NNPC Limited, alongside tax incentives to sustain growth. Temi Popoola, Group CEO, emphasised modernising infrastructure, strengthening partnerships, and boosting retail investor participation via digital channels to make Nigeria’s Exchange a global investment hub.
Stone Reporters News gathered that the administration’s focus on exchange rate stability, macroeconomic predictability, and regulatory reforms has reinforced investor confidence, contributing to Nigeria’s rising capital market prominence.
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