President Bola Ahmed Tinubu has commended the leadership of the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group Plc (NGX) for the country’s capital market’s remarkable growth since he assumed office over two years ago.

Tinubu spoke yesterday when he received the Director-General of SEC, Dr. Emomotimi Agama, and the Board of Directors of NGX led by the Chairman, Alhaji Umaru Kwairanga, during his state visit to Brazil.

He noted the phenomenal rise in market capitalisation and increased trading activity, which have broadened investment opportunities for Nigerians and international investors.

He described the market’s performance as a clear reflection of investor confidence in his administration’s reforms and bold economic measures.

“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.

Tinubu lauded the NGX Board and SEC leadership for their commitment, affirming his administration’s unwavering resolve to elevate Nigeria’s financial ecosystem.

The President promised to continue supporting the capital market and was ready to implement additional reforms to strengthen and expand the sector.

Agama applauded the recent signing of the Investment and Securities Act (ISA) 2025 and described it as one of Africa’s most comprehensive legal frameworks for capital markets, stating that the Act will propel Nigeria toward a ₦300 trillion market while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.

On his part, Kwairanga expressed gratitude for the President’s bold reforms, noting that trading volumes and market values have nearly tripled since the commencement of the current administration.

He urged the fast-tracking of the listing of major state-owned enterprises, such as NNPC Limited, and the introduction of tax incentives to sustain this momentum. He also invited the President to visit the NGX trading floor to recognise these achievements.

Temi Popoola, Group CEO of NGX Group, emphasised the importance of positioning Nigeria’s Exchange as a global investment hub through stronger partnerships, modernised market infrastructure, and deeper product innovation. He also thanked the President for his bold reforms. Furthermore, he emphasised that expanding retail investor participation through digital channels will promote inclusive and sustainable market growth.

Nonso Okpala, Director NGX Group Plc, commended the administration’s reforms, citing exchange rate stability and macroeconomic predictability under the Renewed Hope Agenda as drivers of the company’s growth. He encouraged other Nigerian businesses to list on NGX as a pathway to democratising wealth and broadening participation.