NGX Chairman urges stronger regional trade ties at West Africa Economic Summit

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The Chairman of the Nigerian Exchange Group (NGX), Umaru Kwairanga, has called for deeper economic integration and stronger intra-African trade ties across the West African sub-region, describing the inaugural West Africa Economic Summit as a bold and timely step towards unlocking the region’s full economic potential.

Speaking at the International Conference Centre, Abuja, Kwairanga applauded the leadership of President Bola Ahmed Tinubu GCFR and Foreign Affairs Minister, Ambassador Yusuf Maitama Tuggar OON, for initiating and actualising the summit within a short time frame.

> “Any initiative that aims to unite the sub-region and deepen economic and commercial ties is a welcome idea. There is strength in unity and prestige in scale. If we pursue the right policies, a ‘United States of Africa’ is within reach,” Kwairanga stated.

He stressed the need to break down trade barriers and remove bureaucratic hurdles that have long hindered economic growth in the region, citing the underutilisation of intra-African trade as a major missed opportunity.

Kwairanga highlighted NGX’s role in supporting regional integration through the African Exchanges Linkage Project, which connects stock exchanges across 18 African countries, enabling seamless cross-border trading and data sharing. He also noted that several Nigerian companies listed on NGX—such as Dangote Cement, First Bank, Zenith Bank, Access Bank, and Ecobank—have successfully expanded their operations into other West African markets.

“We are always ready to support companies looking to grow regionally. The exchange is a willing partner in enabling African businesses to thrive across borders,” he added.

Looking ahead, the NGX Chairman expressed hope that the summit would result in actionable policies aimed at reducing trade friction, simplifying cross-border business procedures, and promoting safe, secure inter-country movement.

“With bold steps and collaborative efforts, we can accelerate economic growth for our individual countries and the West African region as a whole,” Kwairanga said.