President Bola Tinubu has praised the rapid expansion of Nigeria’s capital market, describing it as a reflection of investor confidence in his administration’s reforms and bold economic measures.

Speaking in Brazil on Tuesday during a meeting with the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, and the Board of Directors of the Nigerian Exchange Group Plc (NGX Group), President Tinubu noted that market capitalisation and trading activity have surged since he assumed office over two years ago.

“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,” the President said.

He assured the delegation of his administration’s unwavering support for the financial markets, promising further reforms to strengthen and expand the sector.

SEC boss Agama highlighted the recently signed Investment and Securities Act (ISA) 2025, describing it as one of Africa’s most comprehensive capital market legal frameworks. He said the new law could propel Nigeria toward a ₦300 trillion market while ensuring equitable wealth distribution through stronger investor protection and clearer regulations.

NGX Group Chairman, Alhaji Umaru Kwairanga, expressed appreciation for the government’s policies, revealing that trading volumes and market values had nearly tripled under Tinubu’s administration. He urged the fast-tracking of listings of major state-owned enterprises, such as NNPC Limited, and called for tax incentives to sustain market momentum. Kwairanga also extended an invitation to the President to visit the NGX trading floor.

NGX Group CEO, Temi Popoola, stressed the importance of positioning the Nigerian Exchange as a global investment hub through partnerships, upgraded infrastructure, and product innovation. He added that boosting retail investor participation through digital channels would drive inclusive and sustainable growth.

Another NGX director, Nonso Okpala, cited exchange rate stability and improved macroeconomic predictability as outcomes of the Renewed Hope Agenda, encouraging Nigerian businesses to list on the Exchange to democratise wealth.

The meeting formed part of President Tinubu’s state visit to Brazil, where he reiterated his administration’s commitment to making Nigeria Africa’s top investment destination.