FG to NGX: Partner With Us to Build a $1 Trillion Economy by 2030
The Federal Government has urged the Nigerian Exchange Group (NGX) to actively support its bold vision of growing Nigeria’s economy to $1 trillion by the year 2030.
This call was made by the Minister of Industry, Trade and Investment, Jumoke Oduwole, during a symbolic Closing Gong Ceremony held on Monday at the NGX headquarters in Lagos.
According to the Minister, the capital market will play a crucial role in achieving this economic milestone, especially through increased capital formation, deepening investment activities, and attracting both foreign portfolio and direct investments. She announced that the ministry has set an investment target of $6 billion in 2025, split equally between FDI and portfolio investments, on top of the commitments already announced by President Bola Tinubu.
Oduwole praised the capital market for its role in economic stabilization and encouraged more proactive efforts in supporting national recovery and growth plans.
In response, Umaru Kwairanga, Chairman of the NGX Group, affirmed the Exchange’s readiness to collaborate with the government. He also applauded the recent signing of the Investments and Securities Bill 2025, describing it as a timely development that will strengthen Nigeria’s capital market ecosystem.
Ahonsi Unuigbe, Chairman of NGX Limited, emphasized the need to channel funding to the private sector, especially SMEs, through the market. He described the capital market as a viable alternative to traditional bank financing.
Adding to this, Temi Popoola, the Group Managing Director of NGX Group, highlighted the market’s capacity to unlock capital for industries via tools such as Sukuk bonds and green bonds, which align with national economic and environmental goals.
Also speaking, Mr. Jude Chiemeka, CEO of NGX Limited, pointed to the Exchange’s multi-asset offerings — including equities, fixed income, and ETFs — as tools for deepening liquidity and investment in the economy.
In a related effort, the NGX has already partnered with the Federal Ministry of Environment to address sustainability and climate-related challenges, further cementing its role in national development.
The Federal Government has urged the Nigerian Exchange Group (NGX) to actively support its bold vision of growing Nigeria’s economy to $1 trillion by the year 2030.
This call was made by the Minister of Industry, Trade and Investment, Jumoke Oduwole, during a symbolic Closing Gong Ceremony held on Monday at the NGX headquarters in Lagos.
According to the Minister, the capital market will play a crucial role in achieving this economic milestone, especially through increased capital formation, deepening investment activities, and attracting both foreign portfolio and direct investments. She announced that the ministry has set an investment target of $6 billion in 2025, split equally between FDI and portfolio investments, on top of the commitments already announced by President Bola Tinubu.
Oduwole praised the capital market for its role in economic stabilization and encouraged more proactive efforts in supporting national recovery and growth plans.
In response, Umaru Kwairanga, Chairman of the NGX Group, affirmed the Exchange’s readiness to collaborate with the government. He also applauded the recent signing of the Investments and Securities Bill 2025, describing it as a timely development that will strengthen Nigeria’s capital market ecosystem.
Ahonsi Unuigbe, Chairman of NGX Limited, emphasized the need to channel funding to the private sector, especially SMEs, through the market. He described the capital market as a viable alternative to traditional bank financing.
Adding to this, Temi Popoola, the Group Managing Director of NGX Group, highlighted the market’s capacity to unlock capital for industries via tools such as Sukuk bonds and green bonds, which align with national economic and environmental goals.
Also speaking, Mr. Jude Chiemeka, CEO of NGX Limited, pointed to the Exchange’s multi-asset offerings — including equities, fixed income, and ETFs — as tools for deepening liquidity and investment in the economy.
In a related effort, the NGX has already partnered with the Federal Ministry of Environment to address sustainability and climate-related challenges, further cementing its role in national development.