The Nigerian Exchange Group has partnered with the Katsina State Government to explore opportunities for driving capital market growth and economic development.
The collaboration was highlighted during a visit by the Governor of Katsina State, Dikko Radda, to the Exchange, where discussions focused on leveraging capital market instruments to fund infrastructure, industrialisation, and create jobs.
The Group Chairman of NGX, Umaru Kwairanga, lauded the Katsina State administration for its progressive development plans, particularly the Katsina State Development Plan.
Radda expressed his administration’s determination to utilise capital market resources, including Sukuk bonds, infrastructure bonds, and green bonds, to finance key development projects and attract investments.
“Katsina State is poised for rapid economic growth, and partnerships with institutions like NGX Group are crucial for achieving our objectives. By deepening our engagement with the capital market, we aim to unlock the funding needed for infrastructure development, drive industrialisation, and provide employment opportunities for our people,” Radda affirmed.
Additionally, the Managing Director/Chief Executive Officer of NGX Group, Temi Popoola, also highlighted the Exchange’s commitment to transforming Nigeria’s capital market landscape through technology and innovation.
The Chief Executive Officer of NGX, Jude Chiemeka, reiterated the Exchange’s support for subnational governments in structuring financial solutions tailored to their development needs.
The visit concluded with a Closing Gong Ceremony, marking the beginning of a partnership between NGX Group and Katsina State to unlock capital market opportunities and promote sustainable development within the state.
The PUNCH reported that NGX Regulation Limited, the independent regulation subsidiary of the Nigerian Exchange Group, has partnered with the Economic and Financial Crimes Commission to strengthen market surveillance and combat financial crimes in Nigeria’s evolving capital market.