The Federal Government and the Nigerian Exchange Group (NGX Group) Plc have reaffirmed their commitment to a strategic partnership aimed at driving at least $6 billion in foreign investments into Nigeria’s economy by 2025.
According to the 9am News report, the collaboration is led by the Federal Ministry of Industry, Trade and Investment (FMITI) and NGX Group, focusing on key sectors such as agriculture, infrastructure, manufacturing, technology, and energy. Foreign portfolio investors (FPIs) now contribute over a third of transactions at the Exchange, reflecting steady growth from under 10% in recent years.
During a working visit to the Exchange in Lagos, Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, stressed the pivotal role of capital markets in building a resilient and sustainable economy.
“Our target is to channel $6 billion in foreign investment in 2025, with $3 billion as foreign direct investment (FDI) into critical sectors and another $3 billion through FPIs leveraging innovative instruments like green bonds and diaspora-linked securities,” Oduwole explained.
She emphasized that the partnership aims to create jobs, boost exports, and enhance Nigeria’s productive capacity, while deepening market liquidity and aligning capital flows with national economic priorities.
Oduwole also announced efforts to list state-owned enterprises (SOEs) on the Exchange, improving transparency and unlocking significant market value. Additionally, she highlighted plans for a dedicated capital market platform to support small and medium-sized enterprises (SMEs), offering access to funding, capacity-building, and sustainable growth pathways.
Key focus areas include:
- Expanding SME capital access via the NGX Growth Board
- Promoting green finance through ESG-linked products
- Mobilizing diaspora investment
- Leveraging AfCFTA opportunities to cultivate high-growth Nigerian businesses
The NGX Impact Board will also drive capital mobilization for high-impact projects like climate resilience and infrastructure development through green and sustainability bonds.
NGX Group Chairman, Alhaji Umaru Kwairanga, affirmed the Exchange’s readiness to act as a catalyst for national development:
“By fusing policy innovation with robust market infrastructure, we aim to ignite a new era of sustainable growth and development as Nigeria aspires to become a $1 trillion economy.”
Group Managing Director, Temi Popoola, noted ongoing investments in technologies to maintain a globally competitive exchange, while Chairman of NGX, Ahonsi Unuigbe, underscored the Exchange’s role in fueling industrialization, business expansion, and economic inclusion.
The partnership signifies a concerted approach to harnessing capital markets as transformative tools for Nigeria’s economic development.
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