NGX Assures State Governments Customised Market-driven Financial Solutions

This assurance was given by the chief executive officer of the Nigerian Exchange (NGX) Limited, Mr Jude Chiemeka, when the Governor of Katsina State, Mr Dikko Raddo, paid a courtesy visit to the bourse on Thursday.

The NGX chief said Customs Street was ready to collaborate with any sub-national willing to explore the domestic capital market with market-driven financial solutions.

“The exchange remains committed to working closely with sub-national governments to structure tailored financial instruments that align with their development priorities.

“We have the expertise and resources to facilitate seamless access to capital, ensuring that Katsina State can effectively fund transformative projects,” Mr Chiemeka noted.

Governor Radda, who was honoured with the closing gong ceremony, emphasised his administration’s dedication to leveraging capital market instruments to drive economic growth and development.

“Katsina State is poised for accelerated economic transformation, and partnerships with institutions like NGX Group are essential in realizing 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 industrialization, and generate employment for our people,” he said.

The chief executive of NGX Group Plc, Mr Temi Popoola, said the bourse will always be ready to evolve through innovation and technology.

“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,” Mr Popoola stated.

On his part, the chairman of NGX Group, Mr Umaru Kwairanga, commended Governor Radda’s administration for its forward-thinking policies, particularly the launch of the Katsina State Development Plan, stressing the crucial role of the capital market in mobilizing 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 industrialization, infrastructure development, and overall economic prosperity,” Mr Kwairanga remarked.