The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama, has projected that Nigeria’s capital market will hit a N300 trillion valuation mark following the recent enactment of the Investment and Securities Act (ISA) 2025.
Agama made this forecast in his remarks during a high-level meeting with President Bola Tinubu and the Board of Directors of Nigerian Exchange Group Plc (NGX) in Brazil.
The investment expert described the ISA 2025 as one of Africa’s most comprehensive legal frameworks for capital markets, designed to deepen investor protection, enhance regulatory clarity, and unlock new investment channels.
He said: “The Act will propel Nigeria toward a N300 trillion market while ensuring equitable wealth distribution through strong investor protection and regulatory clarity.”
- Advertisement -
While noting that legislation is expected to catalyze innovation, attract foreign capital, and expand the scope of financial instruments available to both institutional and retail investors, the SEC boss said that the law also aligned with the broader goals of the present administration’s reform agenda, which seeks to position Nigeria as the continent’s leading investment destination.
In his remarks, the President commended the Agama-led management on the capital market’s performance since his assumption of office, particularly on the surge in market capitalization and trading volumes as evidence of growing investor confidence in Nigeria’s economic reforms.
He said: “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.”
Commenting, NGX Group Chairman, Alhaji Umaru Kwairanga, thanked the President’s bold reforms, as the equities market’s trading volumes and market values had nearly tripled under the current administration.
He stressed the need to fast-track major state-owned enterprise listings, including NNPC Limited, and introduction of fiscal incentives to sustain the market’s growth momentum.
Similarly, Group CEO of NGX Group, Temi Popoola, emphasized the importance of modernizing market infrastructure, deepening product innovation, and expanding retail investor access through digital platforms.
He stressed: “Positioning Nigeria’s Exchange as a global investment hub requires stronger partnerships and inclusive growth strategies.”
In his contribution, Director at NGX Group Plc, Nonso Okpala, identified exchange rate stability and macroeconomic predictability as key drivers of growth, and urged other Nigerian companies to list on NGX, describing it as a pathway to creating wealth and broadening the participation of Nigerians for national development.
It would be recalled that President Tinubu had last April signed the ISA 2025 into law as part of the government’s efforts to introduce structural reforms aimed at aligning the operations of Nigeria’s capital market with international best practices.
