Nigeria’s next phase of economic growth will depend on its ability to mobilise long-term capital, strengthen investor confidence and create efficient pathways for businesses to scale, the Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX Group), Temi Popoola, has said.
At a recent interview, Popoola said an innovative and inclusive capital market would be central to unlocking Nigeria’s economic potential by supporting enterprise growth, financing critical sectors and enabling broader wealth creation.
He said Nigeria possesses the fundamentals to build one of Africa’s largest and most competitive capital markets, citing its youthful population, entrepreneurial culture and growing pipeline of businesses with the ambition to scale.
“Our approach is to build on Nigeria’s inherent strengths,” Popoola said. “Our youthful population, entrepreneurial spirit and rich cultural heritage are powerful advantages that provide a strong foundation for innovation, growth and value creation. These strengths position Nigeria to unlock new opportunities and play a more significant role on the global stage.”
According to him, the capital market plays a strategic role in economic development by connecting businesses seeking long-term financing with investors looking to create sustainable wealth.
