Tinubu Commends Capital Market Leaders in Brazil, Highlights Economic Gains

President Bola Tinubu has commended the remarkable growth and resilience of Nigeria’s capital market, highlighting its pivotal role in driving economic expansion and attracting investments into the country. The President made the remarks during a high-level meeting with key stakeholders of the Nigerian capital market, including leaders of the Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC), on the sidelines of his visit to Brazil for an international economic summit.

Tinubu applauded the NGX and SEC chiefs for their contributions to the market’s recent gains, stating that their efforts have bolstered investor confidence and strengthened the country’s financial landscape. He noted that the Nigerian capital market has performed impressively in the past year despite global economic uncertainties, with improved liquidity, increased listings, and growing interest from both local and foreign investors. According to him, the market has shown that with sound regulation and proactive leadership, Nigeria’s economy can remain competitive and attractive for investments.

The President further emphasized his administration’s commitment to creating an enabling environment for businesses to thrive and assured stakeholders that ongoing reforms aimed at stabilizing the economy will be sustained. He explained that his government is working on policies that will deepen the capital market, enhance transparency, and attract more private sector participation in critical sectors of the economy. Tinubu also urged market operators to innovate and explore new products that would support the financing needs of emerging sectors such as technology, renewable energy, and agriculture, which he said are key to Nigeria’s long-term growth agenda.

During the meeting, NGX Group’s leadership provided updates on the performance of the market, highlighting that the Exchange has recorded significant growth in market capitalization and trading activities since the beginning of the year. They attributed the positive momentum to recent government policies, improved corporate governance among listed companies, and increased participation of retail investors. The NGX chiefs reaffirmed their commitment to collaborating with the government to expand the depth of the market and drive inclusive economic development.

The SEC leadership also briefed the President on regulatory reforms and strategic initiatives aimed at safeguarding investors’ interests and ensuring market integrity. They noted that the Commission has been implementing measures to strengthen oversight of the market, improve operational efficiency, and adopt technology-driven solutions that enhance trading and regulatory processes. The SEC chiefs underscored the need for sustained investor education to deepen participation and unlock the full potential of Nigeria’s capital market.

President Tinubu lauded the synergy between the NGX and SEC, describing it as a model for how regulatory agencies and market operators can work together to deliver economic value. He reassured them that his administration is aware of the challenges facing the market, including inflationary pressures and foreign exchange volatility, and is taking steps to address them. He expressed confidence that Nigeria’s ongoing economic reforms will yield results and position the country as one of Africa’s leading investment destinations.

Analysts have noted that the President’s engagement with the NGX and SEC leadership in Brazil sends a strong signal of his administration’s recognition of the capital market as a vital tool for economic transformation. They argue that such high-level interactions can help boost investor sentiment, attract foreign direct investment, and improve Nigeria’s global financial profile. Stakeholders also believe that greater government support for the capital market could provide much-needed financing for infrastructure projects, job creation, and industrial growth.

The meeting comes at a time when Nigeria’s capital market has been outperforming several peers on the continent, with increased listings and improved corporate earnings driving strong performance indicators. Experts maintain that consolidating these gains will require sustained policy reforms, macroeconomic stability, and continued collaboration between the government and private sector players.

Tinubu concluded by reiterating his administration’s vision to leverage the capital market as a critical engine for Nigeria’s economic resurgence. He called on all stakeholders to remain steadfast and committed to building a market that is globally competitive, transparent, and inclusive. The NGX and SEC chiefs, in turn, pledged to continue supporting government reforms and initiatives that would enhance Nigeria’s economic prospects.

As the Nigerian delegation wrapped up its engagements in Brazil, market observers expressed optimism that the renewed synergy between government and market regulators would pave the way for a stronger and more resilient capital market. Many believe that the discussions in Brazil could translate into concrete policies and collaborations that will attract sustainable investments and foster long-term economic growth. The President’s acknowledgement of the capital market’s contributions and his assurance of continued support have been widely welcomed as a positive step toward achieving Nigeria’s economic goals.