Dr. Jumoke Oduwole, MFR, the Honourable Minister of Industry, Trade, and Investment, was hosted by Nigerian Exchange Group Plc (NGX Group) for a strategic meeting with the goal of using the capital markets to boost Nigeria’s economic expansion.
A ceremonial Closing Gong wrapped up the visit, signifying a deeper collaboration between the public and private sectors to promote industrial growth, finance for SMEs, and sustainable economic change.
Group Chairman of NGX Group, Alhaji (Dr.) Umaru Kwairanga, welcomed the Minister and praised the Ministry’s efforts in establishing policies that support economic diversification and industrialization.
In order to finance MSMEs, infrastructure projects, and sustainable initiatives, capital markets are essential as Nigeria moves closer to its goal of having a $1 trillion economy. He declared, “NGX Group is still dedicated to advancing this goal by providing cutting-edge platforms that improve transparency, link companies with funding, and promote equitable economic growth.”
Nigerian Exchange Limited (NGX) Chairman Ahonsi Unuigbe also emphasized the Exchange’s function as a national development engine, stating that “capital markets are powerful engines of innovation, business expansion, and economic inclusion, all of which are essential to advancing Nigeria’s industrialization objectives.”
The strategic alignment between her Ministry and NGX Group in promoting real-sector growth was emphasized by Dr. Oduwole in her remarks. “Our partnership is an organized strategy to use capital markets as revolutionary platforms for Nigeria’s economic growth,” she said.
In order to support the next generation of high-growth Nigerian companies, the Minister listed several key areas of focus, such as increasing SME access to capital through NGX’s Growth Board initiatives, promoting green finance through ESG-linked products, mobilizing diaspora investment, and utilizing AfCFTA opportunities.
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In order to democratize investment opportunities, improve market liquidity, and establish Nigeria as a competitive destination for both domestic and foreign capital, Temi Popoola, Group Managing Director/CEO of NGX Group, emphasized the company’s technology-driven approach.
Key players in the capital market ecosystem were brought together for the engagement, and they all reaffirmed their dedication to assisting the Ministry’s efforts and bolstering Nigeria’s economic stability.
The ceremonial Closing Gong reaffirmed the Federal Ministry of Industry, Trade, and Investment’s strong collaboration with NGX Group, signifying a renewed commitment to sustained national growth. In order to propel Nigeria’s economic change, both parties committed to continuing to develop capital market solutions.
