Tinubu Commends Nigeria’s Capital Market Growth, Vows More Reforms During Brazil Visit
President Bola Tinubu has lauded the significant growth of Nigeria’s capital market, attributing the surge in market activity to renewed investor confidence in his administration’s economic reforms. Speaking during a meeting in Brazil 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), Tinubu said the expansion in market capitalization and trading volumes reflects the strength of policies implemented under his leadership.
The meeting, which was confirmed in a State House statement signed by Presidential Adviser Bayo Onanuga on August 26, 2025, took place during Tinubu’s state visit to Brazil. According to the statement, titled “President Tinubu Hosts NGX Group Board and SEC Director-General in Brazil, Invited to NGX Trading Floor,” the President emphasized that his government will continue to champion reforms that unlock capital, protect investors, and drive innovation in the financial sector.
Tinubu reiterated his commitment to creating a market-driven economy that supports enterprise and national prosperity. “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 declared.
During the session, the SEC chief praised Tinubu for signing the Investment and Securities Act (ISA) 2025 into law, describing it as one of Africa’s most comprehensive capital market legal frameworks. Agama projected that the reforms would propel Nigeria toward achieving a ₦300 trillion market capitalization. NGX Group Chairman, Alhaji Umaru Kwairanga, added that trading volumes and market values have nearly tripled since the beginning of the current administration, and he urged the government to accelerate listings of state-owned enterprises, including NNPC Limited.
Also present at the meeting were NGX Group CEO Temi Popoola and Director Nonso Okpala, who noted that the reforms have improved exchange rate stability, boosted innovation, and strengthened investor confidence. Kwairanga also extended an invitation to President Tinubu to visit the NGX trading floor in Lagos, signaling continued collaboration between the government and the capital market to drive economic growth.
Source: punch