Tinubu’s Economic vision inspiring confidence in capital market — Kwairanga
Nike Popoola
The Chairman of the Nigerian Exchange Group (NGX), Dr. Umaru Kwairanga, has commended President Bola Ahmed Tinubu’s administration for its pragmatic economic reforms and business-oriented policies, describing it as the most business-minded government in Nigeria’s history.
Kwairanga stated this in Abuja on Thursday, during his goodwill message at the 29th Annual Conference of the Chartered Institute of Stockbrokers (CIS), themed “Capital Markets in a Digital, Ethical and Sustainable Era: Charting Pathways to Economic Transformation.”
He noted that the policies of the current administration have boosted investor confidence, improved key economic indicators, and strengthened Nigeria’s position as a preferred investment destination.
“This administration has demonstrated the will and capacity to take tough but necessary decisions, and the President has shown his aptitude to pick a winning team capable of executing his strategic grand masterplan,” Kwairanga said.
He commended Vice President Kashim Shettima for his “capable assistance” in steering the economy alongside President Tinubu, while also acknowledging top financial professionals in government — including the Minister of Finance and Coordinating Minister of the Economy, Chief Wale Edun, the Central Bank Governor, Dr. Yemi Cardoso, Alhaji Shamsedeen Ogunjimi, and Dr. Timi Agama — for applying their expertise to national economic management.
Kwairanga emphasized that the Nigerian Exchange Group and FINMAL Finance hold the Chartered Institute of Stockbrokers in high esteem, noting that stockbrokers remain the lifeblood of the capital market.
“Stockbrokers are not just stakeholders in the Nigerian Exchange; they are the lifeblood of our organisation, as their daily presence and transactions sustain the Group,” he said.
He lauded the CIS President, Mr. Oluropo Dada, for his active engagement with policymakers and for deepening advocacy efforts in the capital market space.
Kwairanga further highlighted the significance of hosting this year’s conference in Abuja, describing the city as the policy engine room of Nigeria’s economy.
“While Lagos remains the economic capital, Abuja is where the policies and decisions that shape the economy are made. No serious business or institute can afford to ignore Abuja,” he added.
Addressing the conference theme, Kwairanga called on capital market operators to embrace digital transformation while upholding the highest ethical standards and sustainability principles.
“To thrive in this era, we must unlearn and learn anew. Technology is reshaping every aspect of our world, and we must adapt to remain relevant. Yet, integrity, trust, competence, and professionalism must remain our guiding values,” he said.
He concluded by urging stockbrokers and market participants to continue promoting sustainable practices for the benefit of the nation, the market, and future generations.
“By choosing the right pathways and skillfully navigating them, we will prosper as a nation and as individuals,” he said.
