NGX, SEC, FG & CIS Join Forces to Power Nigeria’s Economic Growth Through Capital Formation

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Olori Uwem

Well-Known Member
Mar 18, 2024
1,408
74
48
NGX, SEC, FG & CIS Join Forces to Power Nigeria’s Economic Growth Through Capital Formation

Event: Chartered Institute of Stockbrokers (CIS) National Workshop
️ Venue: Presidential Villa, Abuja

The Gist:

Leaders from the Nigerian Exchange Group (NGX), Securities and Exchange Commission (SEC), the Federal Government (FG), and the Chartered Institute of Stockbrokers (CIS) are calling for stronger collaboration to boost capital formation and push Nigeria towards becoming a $1 trillion economy.

Key Highlights:

Temi Popoola, GMD/CEO of NGX Group:

“We must come together to mobilise long-term funding that strengthens industries, empowers institutions, and scales our economy.”
He credited recent capital market revival to:

• Deliberate reforms
• Improved macroeconomic conditions
• ⚙️ Upgraded market infrastructure

He also introduced NGX Invest, a tech-driven platform that has already facilitated ₦2 trillion+ in primary market transactions, reflecting growing investor confidence.


Umaru Kwairanga, Chairman of NGX Group:
Emphasised the role of the capital market in:
• ️ Financing infrastructure
• ‍ Supporting businesses
• Attracting global investments


‍ Oluropo Dada, President of CIS:
Reaffirmed the Institute’s commitment to:
• Professionalism
• Market integrity
• Increased investor participation


Emomotimi Agama, DG of SEC:
Declared that capital formation is central to SEC’s mission and emphasized regulatory efforts to support it.


Doris Anite, Minister of State for Finance:
Called for:
• Broader access to long-term capital
• Lower risks for investors
• ️ Stronger institutional frameworks
• Deeper linkages with the real economy


Tope Fasua, Special Adviser to the President (Economic Affairs):
Representing VP Shettima, he urged stakeholders to sustain this progress through:
• Innovation
• Policy advocacy
• ⚖️ Ethical conduct


Lesson of the Day:

“For Nigeria to truly unlock its economic potential, long-term capital formation must be at the heart of our national strategy — and this requires trust, innovation, and collaboration across public and private sectors.”