The Ministry of Industry, Trade, and Investment has called on the Nigerian Exchange Group to support the Federal Government in achieving a $1 trillion economy.
This call was made during a visit to the Nigerian Exchange Group Plc by Jumoke Oduwole, the Minister of Industry, Trade and Investment, on Monday in Lagos.
The visit concluded with the Closing Gong Ceremony, where the Minister emphasized the critical role played by the Nigerian capital market in enhancing Nigeria’s economic growth.
Oduwole revealed that her ministry plans to collaborate with the Nigerian capital market on key initiatives to boost investment and attract more Foreign Direct Investment (FDI) into the country.
In his welcome remark, Umaru Kwairanga, the group chairman of NGX Group, commended Oduwole for her leadership and contributions in shaping policies that promote industrialisation and economic diversification.
He emphasized the critical role the capital market plays in achieving the $1 trillion economy aspiration and reiterated the Group’s commitment to the goal through the provision of a platform that enhances transparency and fosters inclusive growth.
Likewise, Temi Popoola, Group Managing Director/CEO of NGX Group, affirmed the Group’s commitment through the adoption of technology-driven innovation. She stated:
“We are building a next-generation exchange ecosystem designed to democratise investment opportunities, enhance market liquidity, and position Nigeria as a competitive destination for both domestic and international capital.”
Oduwole stressed the alignment between both ministries’ roles in fostering economic growth and developing the country.
While outlining the economic benefits of the collaboration, she mentioned the expansion of SME access to capital through NGX’s Growth Board initiatives, promoting green finance through ESG-linked products, and utilising AfCFTA opportunities to nurture the next generation of high-growth Nigerian businesses.
