By Praise Afolabi
President Bola Tinubu has pledged further reforms to strengthen Nigeria’s capital market, describing it as a key driver of prosperity and enterprise.
The President gave the assurance on Tuesday in Brazil during a meeting with the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and the Board of Directors of the Nigerian Exchange Group (NGX). The meeting formed part of his state visit.
In a statement released on Wednesday, Tinubu praised the “remarkable growth” of Nigeria’s capital market since the start of his administration, attributing the surge in activity to investor confidence in his 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,” he said.
Tinubu added that the expansion in market capitalisation and trading volumes reflected the strength of his policies under the Renewed Hope Agenda.
The SEC Director-General, Dr. Agama, commended the President for signing the Investment and Securities Act (ISA) 2025, which he described as “one of Africa’s most comprehensive legal frameworks for capital markets.” He said the new law positions Nigeria to achieve a ₦300 trillion market capitalisation by strengthening regulation and transparency.
Also speaking, NGX Group CEO, Temi Popoola, and board member Nonso Okpala, said reforms under Tinubu’s leadership had boosted exchange rate stability, investor confidence, and innovation.
NGX Chairman, Alhaji Umaru Kwairanga, noted that trading volumes and market value had nearly tripled since the current administration took office. He called for the listing of major state-owned firms such as NNPC Limited to further deepen the market.
Kwairanga also invited the President to visit the NGX trading floor in Lagos, a gesture seen as symbolic of government’s commitment to the financial markets.
