By Dele Ogbodo
The Federal Ministry of Industry, Trade and Investment (FMITI), under the leadership of Minister Dr. Jumoke Oduwole, has reaffirmed its commitment to Nigeria’s economic transformation through a robust partnership with the Nigerian Exchange Group (NGX Group).
The crystallization of the collaboration was highlighted during the closing Gong Ceremony at the NGX headquarters, Lagos, where the Minister outlined FMITI’s ambitious target to facilitate $6 billion in foreign investment into Nigeria’s productive economy in 2025.
Oduwole, wrapped up the exciting deal at the Nigeria Stock Exchange yesterday on invitation by the Board and Management of Group to perform the closing Gong eremony.
The Director Press and Public Relations, Dr. Adebayo Thomas, while further shedding light on the symbolic ceremony, which held on trading days, said the historic occasion marked the formal close of the market.
According to him, the event provides an excellent platform to showcase leadership, inspire stakeholders, and address critical economic issues.
The Director, said: “Financial Targets and Strategic Vision of the $6 billion target, $3 billion is projected to come from Foreign Direct Investment (FDI) into key sectors such as infrastructure, manufacturing, agribusiness, technology, and renewable energy.
“These sectors are pivotal to creating jobs, promoting exports, and enhancing Nigeria’s productive capacity. Another $3 billion will be mobilized through Foreign Portfolio Investment (FPI) by leveraging innovative financial instruments like green bonds, diaspora-linked securities, and SME-focused platforms. These efforts aim to deepen market liquidity and align capital flows with national priorities.”
The Minister explained the integral role of capital markets in driving economic resilience and sustainable growth, stating, “Deepening Nigeria’s capital markets is fundamental to improving investment flows, creating jobs, and sustaining long-term economic resilience.”
Ahonsi Unuigbe, Chairman of Nigerian Exchange Limited (NGX), reinforced the importance of this collaboration, noting that, “Capital markets are powerful engines of innovation, business expansion, and economic inclusion, all of which are essential to advancing Nigeria’s industrialisation objectives.”
Temi Popoola, Group Managing Director/CEO of NGX Group, highlighted the Exchange’s technology-driven vision: “We are building a next-generation exchange ecosystem designed to democratize investment opportunities, enhance market liquidity, and position Nigeria as a competitive destination for both domestic and international capital
