By The federal government has called on the Nigerian Exchange Group (NGX) to support the country’s push toward a $1 trillion economy, highlighting the crucial role of the capital market in achieving this target. The call came during a Closing Gong ceremony held in Lagos.
Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, emphasized that the capital market is a key pillar in the Ministry’s 2025 strategy, with collaboration expected across six focus areas. These include driving FDI growth and enabling access to funding for Micro, Small, and Medium Enterprises (MSMEs).
Oduwole praised the NGX for stabilising the economy, saying, “We have set a target of $6 billion this year—$3 billion from portfolio investors and $3 billion from FDI.” She noted that the Ministry also aims to leverage the capital market to drive trade within the African Continental Free Trade Area (AfCFTA).
Chairman of NGX Group, Dr. Umaru Kwairanga, affirmed the Exchange’s commitment to supporting President Tinubu’s $1 trillion economy vision by 2030. He also urged the Minister to facilitate a visit from the President to the NGX floor.
GMD of NGX Group, Temi Poopola, stated that the market could unlock real value for industries, especially within the SME space
