Market Leaders Push More Firms To Join NGX As Tinubu Reforms Boost Investor Confidence

Nigerian capital market leaders have thrown their weight behind the economic reforms of President Bola Tinubu, urging more companies to list on the Nigerian Exchange (NGX) as a way to expand businesses and spread wealth among citizens.

The call came during a meeting between a delegation of market stakeholders and the President in Brazil, where he was on a state visit. The delegation, led by VFD Group Plc’s chief executive Nonso Okpala, said the reforms introduced by the government have created a stronger investment climate and renewed interest in the Nigerian economy.

Stakeholders noted that companies already listed on the NGX have experienced growth and improved access to capital, pointing to VFD Group’s own success story as an example. The company’s listing two years ago was described as a turning point that not only accelerated its expansion but also deepened its investments in the country.

They explained that the capital market plays a central role in driving economic transformation, adding that broader participation by companies would strengthen wealth creation and open more opportunities for Nigerians.

The reforms cited include the unification of exchange rates and adjustments in tax policy, which investors believe have improved market stability and confidence. Stakeholders said these changes are helping to position Nigeria as an attractive destination for long-term investments.

The meeting in Brazil was seen as a way of linking international partnerships with domestic economic growth. It took place alongside agreements signed in trade, aviation, finance, science, and diplomacy, showing how the administration’s outreach abroad connects with local market confidence.

Market leaders expressed optimism about the country’s economic future, noting that continued diversification, stronger corporate participation, and government-backed reforms will drive the next phase of growth. They said more companies joining the NGX would help unlock value for investors and contribute to the wider goal of building a more inclusive economy.