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By Chukwuma Umeorah
Nigerian Exchange Group (NGX Group) recently hosted the Executive Governor of Katsina State, Dikko Umar Radda, marking a significant step towards leveraging capital market opportunities for economic growth.
The visit reinforced Katsina State’s commitment to sustainable development and underscored the importance of strategic partnerships in attracting investment, expanding infrastructure, and fostering financial inclusion.
Group Chairman of NGX, Umaru Kwairanga, Group, commended Radda’s administration for its forward-thinking policies, particularly the launch of the Katsina State Development Plan. Kwairanga emphasised the critical role of the capital market in mobilising investment and securing long-term financing for major 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,” Kwairanga stated.
In his remarks, Radda reaffirmed his administration’s dedication to leveraging capital market instruments for economic growth and development. “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 bonds, 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.
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Also speaking at the event, Group Managing Director/CEO of NGX Group, Temi Popoola, reiterated the Group’s commitment to transforming Nigeria’s capital market 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,” Popoola stated.
Echoing this commitment, Jude Chiemeka, CEO of NGX, reaffirmed the Exchange’s role in supporting state governments with market-driven financial solutions.
“The Exchange remains committed to working closely with subnational 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,” Chiemeka noted.
The visit concluded with a Closing Gong Ceremony, symbolising the beginning of a strategic partnership aimed at unlocking investment opportunities, fostering financial inclusion, and driving sustainable economic development in Katsina State through the capital market.
Other key capital market stakeholders present at the event included Femi Shobanjo, CEO of NGX Regulation Limited; Haruna Jalo-Waziri, CEO of Central Securities Clearing System (CSCS); and Oluropo Dada, President and Chairman of Council, Chartered Institute of Stockbrokers, among others. They expressed optimism about the potential for deeper capital market engagement with Katsina State, reinforcing the role of capital markets in subnational economic expansion.
