Stock Market

‘Capital Market Key to Economic Stability’

The Federal Government has described Nigeria’s capital market as the country’s ticket to economic stability.

Vice President Kashim Shettima made this declaration at the 50th Inaugural Lecture of Nasarawa State University, delivered by Professor Uche Uwaleke on Wednesday.

Shettima, who was represented by the Minister of Women Affairs, Hajia Imaan Sulaiman Ibrahim, noted the remarkable performance of the Nigerian capital market despite global and domestic economic challenges.

Vice President Shettima pointed to the strong performance of the Nigerian Exchange Limited (NGX) as proof of investor confidence in Nigeria’s economic policies.

“In January 2025 alone, the market capitalization of the NGX grew by N1.95 trillion, showing increased trust in our economic direction.

“When compared to January 2024, we have recorded an impressive N14.44 trillion increase. These are not just numbers; they reflect the steady leadership guiding our economy under President Bola Tinubu,” he said.

He further stated that “Nigeria’s vision of a $1 trillion economy is not just a dream but a deliberate goal, driven by bold reforms aimed at deepening financial markets and strengthening investor confidence.”

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