President Bola Ahmed Tinubu has hailed the impressive growth of Nigeria’s capital market, calling it proof of renewed investor confidence in his administration’s economic reforms.

Speaking in Brazil on Tuesday during a meeting with the leadership of the Nigerian Exchange Group (NGX) Plc and the Securities and Exchange Commission (SEC), Tinubu reaffirmed his government’s commitment to pushing forward reforms that will unlock capital, protect investors, and make the market a stronger driver of 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,” the President said.

He praised the NGX Board and SEC leadership for their commitment, noting that open dialogue with stakeholders is key to achieving the goals of the Renewed Hope Agenda and positioning Nigeria as Africa’s premier investment destination.

Highlighting the future outlook, SEC Director-General, Dr. Emomotimi Agama, pointed to the newly signed Investment and Securities Act (ISA) 2025 as a game-changer. According to him, the Act provides one of Africa’s most comprehensive frameworks for capital markets and could propel Nigeria’s market valuation to ₦300 trillion, while boosting investor protection and transparency.

NGX Group Chairman, Alhaji Umaru Kwairanga, noted that trading volumes and market values have nearly tripled since Tinubu assumed office. He urged the government to fast-track the listing of major state-owned enterprises, such as NNPC Limited, and roll out tax incentives to keep the momentum going. He also invited the President to visit the NGX trading floor in recognition of these achievements.

For Temi Popoola, Group CEO of NGX Group, the priority is positioning Nigeria’s Exchange as a global investment hub by strengthening partnerships, modernising infrastructure, and innovating new products. He also stressed the need to bring more retail investors on board through digital platforms to ensure inclusive growth.

Nonso Okpala, a Director of NGX Group, commended Tinubu’s reforms, particularly in stabilising exchange rates and boosting macroeconomic predictability. He encouraged more Nigerian companies to list on the NGX as a pathway to democratise wealth and widen participation in the nation’s economic growth.

With reforms in motion and confidence rising, Nigeria’s capital market is on course for its bold ₦300 trillion valuation target—a milestone that could transform not just investor opportunities, but the wider economy.