President Bola Ahmed Tinubu has applauded the remarkable growth of Nigeria’s capital market since the beginning of his administration, describing it as a reflection of investor confidence in his economic reforms.
Hikaya Newspaper reports that he made the remarks on Tuesday during his state visit to Brazil while receiving the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of the Nigerian Exchange Group Plc.
The President noted the phenomenal rise in market capitalisation and increased trading activities, saying they have expanded opportunities for both local and foreign investors. He assured that his government will continue to drive reforms that unlock capital, protect investors, and promote innovation to make the economy work for all Nigerians. Tinubu also commended the SEC and NGX leadership for their commitment, stressing that this engagement was crucial to achieving the Renewed Hope Agenda and making Nigeria Africa’s top investment destination.
SEC Director-General, Dr. Emomotimi Agama, hailed the signing of the Investment and Securities Act (ISA) 2025 as one of Africa’s most comprehensive frameworks, projecting that it would propel Nigeria toward a ₦300 trillion market while ensuring fair wealth distribution. Similarly, NGX Group Chairman, Alhaji Umaru Kwairanga, expressed gratitude to the President for his bold reforms, noting that market values and trading volumes have nearly tripled. He called for the listing of major state-owned firms like NNPC Limited and urged the introduction of tax incentives to sustain the momentum.
NGX Group CEO, Temi Popoola, highlighted the importance of positioning Nigeria’s Exchange as a global investment hub through partnerships, modern infrastructure, and deeper product innovation, while also expanding retail participation via digital channels. NGX Director, Nonso Okpala, praised the administration’s reforms for bringing exchange rate stability and macroeconomic predictability, encouraging more Nigerian companies to list on the Exchange as a pathway to broadening participation and democratising wealth.