Tinubu Engages NGX Group to Boost Nigeria's Economy

On Thursday, President Bola Tinubu reaffirmed the federal government’s commitment to utilizing Nigeria’s capital market as a catalyst for economic transformation during a meeting with the Board and Management of Nigerian Exchange Group Plc (NGX Group) and the Economic Management Team at the Presidential Villa in Abuja. The NGX Group presented a strategic overview of the capital market's transformation, noting market capitalisation growth from approximately N30 trillion in 2023 to N160 trillion, and the NGX All-Share Index rising from 52,000 points to 244,000 points over three years.

Tinubu commended NGX Group's leadership and the Economic Management Team for their roles in restoring investor confidence and strengthening macroeconomic stability. He emphasized the importance of private sector investment and announced plans for the Nigerian National Petroleum Company (NNPC) Limited to be reformed and listed on the capital market, reinforcing the government’s commitment to mobilizing long-term investments for economic development.