From Brazil, Capital Market Stakeholders Tell Firms to Bet on Tinubu’s Nigeria
On the sidelines of President Bola Ahmed Tinubu’s state visit to Brazil yesterday, a delegation of Nigerian capital market stakeholders met with the President and pledged support for his reforms while urging more companies to embrace the Nigerian Exchange (NGX).
Nonso Okpala, Group Managing Director of VFD Group, who joined the meeting, described NGX as the backbone of the economy and pointed to his company’s listing two years ago as proof of the market’s potential to transform businesses.
“Two years ago, when we got listed, most people were not betting on Nigeria or the capital market. We saw the vision, we keyed into it. That vision has been accelerated by the President’s policies. Our business has grown significantly and we are investing even more in the Nigerian economy,” Okpala said.
He commended the administration’s reforms, including the unification of exchange rates and new tax policies, as bold steps that have boosted market confidence and strengthened the investment climate.
“What we are saying is that other companies should take a cue and bet on the Nigerian economy by getting listed. That is the true way of democratizing wealth and creating value for everybody,” he added.
The meeting in Brazil added a capital market perspective to Tinubu’s state visit, which has already produced agreements in trade, aviation, finance, science and diplomacy. Observers note that the engagement shows how the President is linking international diplomacy with domestic market confidence.
Okpala closed on a hopeful note.
“The best is yet to come for the Nigerian economy. We will continue to diversify and invest strongly, backed by the vision of this administration.”
