According to a report by KogiTribune, the President, in a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, gave the commendation on Tuesday during his state visit to Brazil. Tinubu received the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and the Board of Directors of the Nigerian Exchange Group (NGX) Plc, where he lauded the market’s performance over the past two years.
He noted that the surge in market capitalisation and trading activities has opened fresh opportunities for both local and foreign investors.
“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,” Tinubu said.
The President reiterated his administration’s commitment to strengthening the nation’s financial ecosystem in line with the Renewed Hope Agenda, stressing that continuous engagement with market regulators and operators was vital to positioning Nigeria as Africa’s premier investment destination.
In his remarks, SEC Director-General Dr. Agama applauded the signing of the Investment and Securities Act (ISA) 2025, describing it as one of the most comprehensive legal frameworks for capital markets in Africa. He said the new Act would drive Nigeria toward achieving a ₦300 trillion market while safeguarding investor interests.
Chairman of NGX Group, Alhaji Umaru Kwairanga, also praised the government’s economic reforms, revealing that trading volumes and market values had nearly tripled under Tinubu’s leadership. He urged the fast-tracking of major state-owned enterprises’ listings, including NNPC Limited, alongside the introduction of tax incentives to sustain the momentum.
Similarly, NGX Group CEO, Temi Popoola, highlighted the importance of modernising market infrastructure, strengthening global partnerships, and expanding retail investor participation through digital platforms to enhance inclusivity and sustainable growth.
Board Director, NGX Group, Nonso Okpala, credited the administration’s reforms—particularly exchange rate stability and improved macroeconomic management—for driving the capital market’s upward trajectory. He encouraged more Nigerian companies to list on the Exchange as a way of broadening wealth creation and participation.
President Tinubu assured the delegation of continued government support, pledging further reforms to boost investor confidence and expand the sector’s contribution to Nigeria’s economy.
