The Katsina State government has expressed its determination to develop its economy through the various capital market instruments.
Governor Dikki Radda, while speaking on Thursday at the Nigerian Exchange (NGX) Limited in Lagos, said the capital market plays a vital role in economic development.
He said the state government was committed to sustainable economic development and prepared to forge strategic partnerships in attracting investment, expanding infrastructure, and fostering financial inclusion.
“Katsina State is poised for accelerated economic transformation, and partnerships with institutions like NGX Group are essential in realising our vision.
“We are keen on exploring Sukuk, infrastructure bonds, and green bonds to finance key projects, attract investment, and create economic opportunities within the state.
“By deepening our engagement with the capital market, we can unlock funding for critical infrastructure, drive industrialisation, and generate employment for our people,” Governor Radda affirmed.
Welcoming Mr Radda and his delegation, the chairman of NGX Group Plc, Mr Umaru Kwairanga, said he was delighted with the state government’s forward-thinking policies, particularly the launch of the Katsina State Development Plan.
He highlighted the crucial role of the capital market in mobilising investment and securing long-term financing for critical projects.
“The strategic roadmap set by Katsina State reflects a strong commitment to structured and sustainable development.
“The capital market serves as a vital enabler, providing access to financing that will drive industrialisation, infrastructure development, and overall economic prosperity,” Mr Kwairanga stated.
On his part, the chief executive of NGX Group, Mr Temi Popoola, said, “We are building an exchange that extends beyond traditional securities trading.
“By leveraging technology, we are enhancing market accessibility, attracting capital, and creating new investment opportunities.
“Our goal is to develop a dynamic, inclusive, and globally competitive capital market that supports national and subnational economic growth,” Popoola stated.
Business Post reports that other key capital market stakeholders present at the event, which had the Katsina Governor beating the closing gong, were the CEO of NGX Regulation Limited, Mr Femi Shobanjo; the CEO of Central Securities Clearing System (CSCS) Plc, Mr Haruna Jalo-Waziri; and the President and Chairman of Council of the Chartered Institute of Stockbrokers (CIS), Mr Oluropo Dada, among others. T