President Bola Ahmed Tinubu has applauded the impressive performance of Nigeria’s capital market over the past two years, pledging his administration’s continued commitment to reforms that unlock capital, protect investors, and expand economic opportunities.
The President spoke on Tuesday during a meeting with the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of the Nigerian Exchange Group (NGX) in Brazil, where he is on a state visit.
Tinubu highlighted the significant rise in market capitalisation and trading activity since 2023, noting that the growth reflects investor confidence in his administration’s economic policies.
“Nigeria’s markets must remain a trusted engine of enterprise and prosperity. My government will continue to implement reforms that deepen investment, safeguard investors, and drive innovation, so that our economy works for every Nigerian,” he said in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga.
The President praised the NGX Board and SEC leadership for their role in strengthening Nigeria’s financial ecosystem, stressing that ongoing dialogue with stakeholders is key to achieving the Renewed Hope Agenda’s economic targets and positioning Nigeria as Africa’s top investment destination.
Reforms and Opportunities
SEC Director-General, Emomotimi Agama, commended the President for signing the Investment and Securities Act (ISA) 2025, describing it as one of Africa’s most comprehensive legal frameworks for capital markets. He said the Act would propel Nigeria towards a ₦300 trillion market while ensuring stronger investor protection and wealth distribution.
NGX Group Chairman, Umaru Kwairanga, also lauded Tinubu’s economic reforms, noting that market value and trading volumes have nearly tripled under his administration. He urged faster listing of state-owned enterprises, including NNPC Limited, and called for new tax incentives to sustain market momentum.
Temi Popoola, Group CEO of NGX, underscored the importance of positioning Nigeria as a global investment hub through enhanced partnerships, modernised market infrastructure, and expanded digital access for retail investors.
Similarly, Nonso Okpala, a director of NGX Group Plc, credited recent exchange rate stability and improved macroeconomic predictability under the Renewed Hope Agenda as major drivers of growth. He encouraged more Nigerian businesses to list on the Exchange to democratise wealth and broaden participation.
Tinubu, in response, assured the delegation of his administration’s readiness to introduce additional reforms to strengthen and expand Nigeria’s capital market.
