By Charles Pemu 
President Bola Tinubu has declared that the unprecedented expansion of Nigeria’s capital market is a “clear verdict of confidence” by investors in his administration’s bold economic reforms. He made the statement on Tuesday while receiving the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and the Board of the Nigerian Exchange Group (NGX) Plc in Brazil.
In a statement released on Wednesday, the president’s spokesman, Bayo Onanuga, quoted the president as pointing to soaring market capitalization and trading volumes as evidence that Nigeria’s economy is on a new trajectory of growth.
“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 also commended the leadership of the SEC and NGX for their role in stewarding the market’s transformation
The SEC Director-General, Dr. Emomotimi Agama, hailed the recently signed Investment and Securities Act (ISA) 2025 as a game-changer, describing it as one of Africa’s most comprehensive legal frameworks for capital markets. He said the Act would help propel Nigeria toward a N300 trillion market size while ensuring regulatory clarity and investor protection.
NGX Group Chairman, Alhaji Umaru Kwairanga, credited the President’s “bold and decisive reforms” for nearly tripling trading volumes and market capitalization in just two years. He urged the government to fast-track the listing of state-owned enterprises like NNPC Limited to sustain growth momentum. He also invited President Tinubu to ring the opening bell at the NGX trading floor to celebrate the market’s transformation.