Tinubu Applauds Capital Market Growth
…Pledges More Reforms
… ISA to Push Nigeria to N300tr Market
By Patience Ikpeme
President Bola Ahmed Tinubu has praised the impressive performance of Nigeria’s capital market over the past two years, describing its expansion as a reflection of investor confidence in his administration’s economic reforms.
To add to the impressive performance of the capital market, the Director General of the Securities and Exchange Commission (SEC) Dr. Emomotimi Agama disclosed that the Investment and Securities Act (ISA) 2025 will help propel Nigeria toward a N300 trillion market while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.
Speaking during his state visit to Brazil on Tuesday, Tinubu noted the sharp rise in market capitalisation and increased trading activity, which he said have broadened investment opportunities for both Nigerians and international investors.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement issued in Abuja. He said the President made the remarks while receiving the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and members of the Board of Directors of the Nigerian Exchange Group (NGX) Plc.
“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,” the President said.
He commended the NGX Board and SEC leadership for their role in strengthening the market, while reiterating his government’s commitment to positioning Nigeria as Africa’s premier investment destination under the Renewed Hope Agenda. Tinubu also assured the delegation of his readiness to introduce further reforms to strengthen and expand the sector.
SEC Director-General, Dr. Agama, described the signing of the Investment and Securities Act (ISA) 2025 as a milestone for Nigeria, calling it one of Africa’s most comprehensive legal frameworks for capital markets. He said the new law will help propel Nigeria toward a ₦300 trillion market while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.
Chairman of NGX Group, Alhaji Umaru Kwairanga, lauded the administration’s reforms, noting that trading volumes and market values have nearly tripled since Tinubu assumed office. He urged the government to accelerate the listing of major state-owned enterprises, including NNPC Limited, and introduce tax incentives to sustain investor confidence. Kwairanga also invited the President to visit the NGX trading floor in Lagos to celebrate the achievements.
Group Chief Executive Officer of NGX, Temi Popoola, said the Exchange is working to position Nigeria as a global investment hub through stronger partnerships, upgraded market infrastructure, and innovative financial products. He stressed that boosting retail investor participation via digital channels would deepen inclusivity and support sustainable growth.
Also speaking, Director of NGX Group Plc, Nonso Okpala, credited the administration’s reforms for enhancing exchange rate stability and macroeconomic predictability. He encouraged more Nigerian companies to list on the NGX as a means of democratising wealth and expanding investment participation across the country.
Tinubu assured the delegation that the capital market will remain a priority in his government’s economic strategy, as he seeks to consolidate reforms and unlock further growth opportunities for Nigeria.
