By Erewunmi Peace

President Bola Ahmed Tinubu has commended the remarkable growth of Nigeria’s capital market, describing it as a strong indicator of investor confidence in his administration’s economic reforms.

Speaking during a meeting with the Board of the Nigerian Exchange Group (NGX) and the Director-General of the Securities and Exchange Commission (SEC) in Brazil, Tinubu pledged to introduce further market-friendly reforms aimed at unlocking capital, protecting investors, and fostering sustainable economic growth.

“Our capital market must remain an engine of prosperity for all Nigerians. We will continue to pursue reforms that attract investment and drive innovation,” Tinubu assured.

NGX Highlights Market Growth, Extends Invitation

NGX Group Chairman, Umaru Kwairanga, highlighted the impressive surge in the market under Tinubu’s leadership, noting that both market capitalization and trading volumes have nearly tripled in recent months.

Kwairanga also officially invited the President to visit the NGX trading floor and possibly ring the opening bell, an honor reserved for significant contributors to the financial sector.

SEC Commends New Legal Framework

The SEC Director-General, Dr. Emomotimi Agama, praised the newly signed Investment and Securities Act (ISA) 2025, describing it as one of the most comprehensive legal frameworks for capital markets in Africa. According to him, the new legislation will help Nigeria achieve a projected ₦300 trillion market capitalization.

Reforms for Economic Transformation

Tinubu emphasized that the administration’s economic agenda would continue to prioritize policies that stabilize the market, improve liquidity, and attract both local and foreign investors.

Stakeholders in the financial sector believe these reforms will further position Nigeria as a leading investment destination in Africa.