President Bola Tinubu has commended the remarkable expansion of Nigeria’s capital market, attributing this success to the confidence investors have shown in his economic reforms. The praise came during his 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) in Brazil as part of his state visit.
In his remarks, Tinubu highlighted that the surge in activity on the Nigerian Exchange reflected the strength of his administration’s policies. The President expressed that the growth of the market’s capitalisation and trading volumes was a clear testament to the positive effects of his government’s reforms, specifically those aimed at unlocking capital, protecting investors, and fostering innovation.
“My government will continue to pursue reforms that unlock capital, protect investors, and drive innovation so that our economy works for every Nigerian,” President Tinubu affirmed. He also reiterated his unwavering support for the market, stating that additional reforms would be introduced in line with the Renewed Hope Agenda to further elevate Nigeria’s financial ecosystem.
The meeting was confirmed by the State House in a statement dated August 26, 2025, which was signed by Presidential Adviser, Bayo Onanuga. The statement, which was shared on the social media platform X, was titled “President Tinubu Hosts NGX Group Board and SEC Director-General in Brazil, Invited to NGX Trading Floor.”
Dr. Emomotimi Agama, the SEC Director-General, commended President Tinubu’s recent signing of the Investment and Securities Act (ISA) 2025. He described the legislation as one of the most comprehensive legal frameworks for capital markets in Africa, which, he said, would propel Nigeria toward achieving a ₦300 trillion market value.
The Chairman of NGX Group, Alhaji Umaru Kwairanga, echoed similar sentiments, noting that trading volumes and market values had nearly tripled since the current administration took office. He urged the government to fast-track the listings of major state-owned companies, such as NNPC Limited, to further stimulate growth. Kwairanga also extended an invitation for the President to visit the NGX trading floor.
NGX Group CEO, Temi Popoola, and Director Nonso Okpala also applauded the government’s reforms, which they noted had boosted exchange rate stability, fostered innovation, and enhanced investor confidence.
