The Federal Government has called on the Nigerian Exchange Group to play a pivotal role in helping Nigeria achieve its $1tn economy target by 2030.
This call was made by the Minister of Industry, Trade and Investment, Jumoke Oduwole, during the ‘Closing Gong’ ceremony held on Monday in Lagos. Oduwole emphasized the critical role the Nigerian capital market will play in driving the country’s economic growth, particularly in achieving the $1tn economy goal set by President Bola Tinubu.
She revealed that the ministry plans to collaborate with the capital market on key initiatives, including driving investment and attracting more Foreign Direct Investment into the country.
She stated, “We have set a target of $6bn this year, with $3bn expected from portfolio investors and the other half from FDI. This is in addition to the amounts already announced by the President, which we are tracking.”
The minister commended the capital market for stabilising the economy and bringing in much-needed FDI while urging the sector to be more vibrant and proactive in supporting Nigeria’s economic recovery.
