NGX and FG Drive Push for Capital Formation to Boost $1 Trillion Economic Goal
At the 2025 Chartered Institute of Stockbrokers (CIS) National Workshop held at the Presidential Villa in Abuja, key players in Nigeria’s financial sector—led by the Nigerian Exchange Group (NGX) and the Federal Government—rallied for unified reforms to strengthen capital formation. The call, which involved regulators, market operators, and top government officials, centered on the urgent need to develop frameworks that would attract long-term investment and support Nigeria’s ambition to grow into a $1 trillion economy.
Temi Popoola, Group Managing Director and CEO of NGX, highlighted that recent market improvements stemmed from deliberate policy reforms, macroeconomic stability, and improved infrastructure. While optimistic about the market’s revival, he emphasized that sustaining growth would require coordinated efforts from regulators and stakeholders to deepen market structures, empower institutions, and ensure the capital market serves as a reliable engine for long-term national development.
Popoola also showcased NGX Invest—a digital platform facilitating over ₦2 trillion in primary market transactions—as evidence of growing investor confidence. According to him, this milestone reflects the possibilities achievable when industry actors align closely with regulators to create accessible, technology-driven market solutions that attract both investors and issuers.
Chairman of NGX Group, Umaru Kwairanga, and CIS President, Oluropo Dada, echoed the need to link capital market activity with broader economic goals. They stressed the importance of professionalism, transparency, and trust in boosting investor participation. Dada, in particular, emphasized fostering ethical standards and integrity to maintain investor confidence and support inclusive financial growth.
Other key voices included SEC Director-General Emomotimi Agama, who described capital formation as core to the agency’s mission, and Minister of State for Finance Doris Anite, who urged action to improve access to long-term capital. Representing the Vice President, presidential adviser Tope Fasua called for sustained innovation, strong policy advocacy, and ethical leadership to ensure Nigeria’s capital market remains a vital contributor to real sector development and economic transformation.
Source: Punch