President Bola Tinubu has commended the growth of Nigeria’s capital market, attributing the surge in market capitalisation and trading volumes to investors’ confidence in his administration’s economic reforms.

Speaking 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 (NGX) in Brazil on Tuesday, Tinubu said the developments reflect the strength of his policies.

“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 declared.

The State House confirmed the meeting in a statement issued on Wednesday by Presidential Adviser Bayo Onanuga. The statement was titled: “President Tinubu Hosts NGX Group Board and SEC Director-General in Brazil, Invited to NGX Trading Floor.”

Tinubu reaffirmed his administration’s commitment to supporting the capital market and pledged further reforms in line with the Renewed Hope Agenda.

Dr. Agama praised the President for signing the Investment and Securities Act (ISA) 2025 into law, describing it as one of Africa’s most comprehensive legal frameworks for capital markets. He expressed optimism that the reforms would push Nigeria toward achieving a ₦300 trillion market capitalisation.

NGX Group Chairman, Alhaji Umaru Kwairanga, highlighted that trading volumes and market values had nearly tripled since the beginning of Tinubu’s administration. He also urged the fast-tracking of listings of major state-owned companies, including NNPC Limited, and formally invited the President to visit the NGX trading floor.

Similarly, NGX Group CEO Temi Popoola and Director Nonso Okpala praised the administration’s reforms, noting that they had boosted exchange rate stability, innovation, and investor confidence.