President Bola Ahmed Tinubu has praised the impressive performance of Nigeria’s capital market, highlighting the sector’s rapid growth since he assumed office over two years ago. He said the market’s rise in capitalisation and trading activities reflects increased investor confidence and expanding opportunities for Nigerians and international investors.
Speaking on Tuesday during his state visit to Brazil, where he received the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of Nigerian Exchange Group Plc, the President described the developments as proof of his administration’s economic reforms.
“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 commended the leadership of the SEC and the NGX Board for their dedication and reiterated his administration’s commitment to strengthening Nigeria’s financial ecosystem.
According to him, ongoing dialogue is essential in meeting the Renewed Hope Agenda’s targets and in positioning Nigeria as Africa’s leading investment destination. The President also assured the delegation that his government will continue to support the capital market and carry out further reforms to enhance growth.
SEC Director-General, Dr. Emomotimi Agama, acknowledged the recent signing of the Investment and Securities Act (ISA) 2025, describing it as one of the most comprehensive legal frameworks for capital markets in Africa.
He stated that the Act is expected to push Nigeria toward a ₦300 trillion market while ensuring fair wealth distribution through investor protection and regulatory clarity.
NGX Group Chairman, Alhaji Umaru Kwairanga, also praised the President’s bold reforms, noting that both trading volumes and market values have nearly tripled under the current administration. He called for the fast-tracking of the listing of major state-owned enterprises, such as NNPC Limited, and urged the introduction of tax incentives to sustain growth. Kwairanga further invited the President to visit the NGX trading floor to recognise these achievements.
Temi Popoola, Group CEO of NGX Group, stressed the importance of positioning the Nigerian Exchange as a global investment hub. He pointed to the need for stronger partnerships, modernised market infrastructure, and deeper product innovation to attract foreign investment and expand digital access for retail investors. He added that encouraging retail investor participation would promote inclusive and sustainable market growth.
Nonso Okpala, Director of NGX Group Plc, applauded the reforms of the administration, noting that exchange rate stability and macroeconomic predictability under the Renewed Hope Agenda have helped drive growth.
He encouraged more Nigerian businesses to list on NGX, describing it as a pathway to democratising wealth and broadening participation in the capital market.