Nigeria must embrace bold innovation, strategic partnerships, and a robust capital market to achieve the scale of transformation it urgently needs, says Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group (NGX Group).
Speaking at the "For the Love of Our Country" symposium at Bayero University Kano, Kwairanga stressed that traditional methods alone are no longer sufficient to reposition the economy, especially in today's complex global environment.
With President Tinubu targeting a $1 trillion economy by 2030, Kwairanga said NGX is aligning its strategies to drive capital mobilisation and economic growth. "No country has attained lasting prosperity without deep, inclusive capital markets," he noted, citing South Korea, Singapore, and Rwanda as examples.
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He revealed NGX is working with the Securities and Exchange Commission to improve transparency and efficiency while pushing for new listings in oil and gas and public sector assets, including NNPC Limited and Dangote Petrochemicals.
Kwairanga believes these moves will boost market capitalisation and attract significant local and foreign investment, despite current challenges. "We are confident the NGX can build the capital market Nigeria deserves before the decade ends," he concluded.
