President Bola Ahmed Tinubu has praised the significant growth of Nigeria’s capital market since the start of his administration, citing soaring market capitalisation, stronger trading activity, and expanded investment opportunities for both Nigerians and international investors.
Speaking on Tuesday during his state visit to Brazil, President Tinubu received the Board of Directors of the Nigerian Exchange Group Plc (NGX) and the Director-General of the Securities and Exchange Commission (SEC). He described the capital market’s performance as a reflection of investor confidence in his administration’s bold 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 reaffirmed his administration’s commitment to strengthening the financial ecosystem, stressing that ongoing dialogue with stakeholders is crucial to achieving the Renewed Hope Agenda and positioning Nigeria as Africa’s leading investment destination.
The President assured the delegation of continuous support for the market and pledged readiness to introduce additional reforms to deepen and expand the sector.
SEC Director-General, Dr. Emomotimi Agama, highlighted the recently signed Investment and Securities Act (ISA) 2025, describing it as one of Africa’s most comprehensive frameworks for capital markets. He said the Act would propel Nigeria toward a ₦300 trillion market while safeguarding investors and ensuring equitable wealth distribution.
NGX Group Chairman, Alhaji Umaru Kwairanga, commended the administration’s reforms, noting that trading volumes and market value have nearly tripled since Tinubu assumed office. He called for the accelerated listing of major state-owned enterprises such as NNPC Limited and proposed tax incentives to sustain market momentum. He also extended an invitation to the President to visit the NGX trading floor.
Temi Popoola, Group CEO of NGX Group, underscored the need to modernise infrastructure, deepen product innovation, and expand retail participation through digital platforms to enhance inclusivity and sustainability.
NGX Director, Nonso Okpala, credited the administration’s reforms, particularly exchange rate stability and macroeconomic predictability, for driving growth. He urged Nigerian businesses to list on the Exchange as a pathway to wealth democratization and broader participation.
Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
August 26, 2025
