By Dr. Nafisat Makinde
Brasília, Brazil | August 26, 2025 — President Bola Ahmed Tinubu has hailed the surge in Nigeria’s capital market, calling it a vote of confidence in his administration’s economic reforms.
In a statement signed by Bayo Onanuga, Special Adviser to the President (Information and Strategy), Tinubu said rising market capitalisation and trading activity since 2023 have expanded opportunities for local and foreign investors.
“Nigeria’s markets must be a trusted engine of enterprise and prosperity… we will keep pursuing reforms that unlock capital, protect investors and drive innovation,” Tinubu said, pledging continued support and additional reforms.
SEC Director-General Dr. Emomotimi Agama lauded the new Investment and Securities Act (ISA) 2025, projecting it will help propel the market toward ₦300 trillion while promoting equitable wealth distribution through stronger investor protections.
NGX Group Chairman Alhaji Umaru Kwairanga said trading volumes and values have nearly tripled under Tinubu, urging swift listings of state-owned firms including NNPC Limited and targeted tax incentives. He also invited the President to the NGX trading floor to recognise recent gains.
NGX Group CEO Temi Popoola pushed for deeper retail participation via digital channels and modernised market infrastructure, while Director Nonso Okpala cited exchange-rate stability and predictable macro policies—and urged more Nigerian companies to list to broaden wealth creation.
