Nigerian Exchange Group Plc (NGX Group) invited Dr. Jumoke Oduwole, MFR, the Honourable Minister of Industry, Trade, and Investment, for a strategic meeting with the goal of using the capital markets to boost Nigeria’s economy.
The tour came to an end with a ceremonial Closing Gong, which represented a deeper collaboration between the public and commercial sectors to promote industrial growth, finance for SMEs, and sustainable economic change.
As he welcomed the Minister, NGX Group Group Chairman Alhaji (Dr) Umaru Kwairanga praised the Ministry’s efforts in creating policies that support economic diversification and industrialization.
As Nigeria moves closer to its goal of having a $1 trillion economy, capital markets are essential for funding MSMEs, infrastructure, and environmental projects. The NGX Group is still dedicated to advancing this goal by providing cutting-edge platforms that improve openness, link companies with funding, and promote equitable economic growth,” he stated.
In a similar vein, Nigerian Exchange Limited (NGX) Chairman Ahonsi Unuigbe emphasized the Exchange’s function as a driver of national growth, pointing out that “capital markets are powerful engines of innovation, business expansion, and economic inclusion, all of which are essential to advancing Nigeria’s industrialization objectives.”
Dr. Oduwole emphasized in her remarks how her Ministry and NGX Group are strategically aligned in promoting real-sector growth. She said, “Our partnership is a coordinated effort to use capital markets as transformative platforms for Nigeria’s economic development.”
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The Minister listed several important areas of focus, such as increasing SME access to capital through NGX’s Growth Board programs, encouraging green finance through ESG-related products, attracting investment from the diaspora, and taking advantage of AfCFTA opportunities to support the next wave of high-growth Nigerian companies.
The company’s technology-driven approach was highlighted by Temi Popoola, Group Managing Director/CEO of NGX Group: “We are developing a next-generation exchange ecosystem intended to democratize investment opportunities, improve market liquidity, and establish Nigeria as a competitive destination for both domestic and foreign capital.”
Key players from the capital market ecosystem were brought together for the engagement, and they all reiterated their dedication to standing by the Ministry’s programs and bolstering Nigeria’s economy.
With the ceremonial Closing Gong, the Federal Ministry of Industry, Trade, and Investment and NGX Group reaffirmed their commitment to sustainable national growth. Both sides committed to keeping up the development of capital market solutions that propel Nigeria’s economic revolution.
