Capital market key to solving Nigeria’s problems, says NGX

The Nigerian Exchange Limited (NGX) says the capital market remains the viable tool the country can use to solve its problems, including those in the agricultural sector.

Temi Popoola, chief executive officer (CEO), NGX, said this on Friday at the ongoing 26th annual chartered institute of stockbrokers’ conference in Benin.

The conference is themed, ‘capital market and agricultural development in Nigeria: issues and the way forward’.

Popoola said the Nigerian capital market plays a critical role in bolstering the county’s efforts to attain food security. 

He also said the NGX is committed to giving supporting solutions through capital market initiatives to lift the country from agricultural deficits.

“The solutions to our numerous problems facing the country lie within the capital market. Either looking at the challenges in housing, student loans and in a sector like agriculture, the capital market remains the viable tool governments of nations use in solving such problems,” he said.

“This, therefore, brings a shared responsibility and need to address challenges facing the agriculture sector.

“Our mission continues to provide investors and businesses with a reliable, efficient and adaptable exchange hub in Africa, to save and access capital. 

“The exchange remains a veritable platform for all sectors, including the agricultural sector, to raise the necessary capital to support the growth of the Nigerian economy. NGX is the home to some of Nigeria’s largest and most impactful agricultural and agro-allied companies and we remain well positioned to support the sector’s growth.

“At the exchange, we have the responsibility of ensuring the pieces come together. NGX, which is built on several years and decades of work, is equipped to drive solutions with its various asset classes. We are expending a lot of time and energy on innovation and technology.”