The group managing director/chief executive officer of Nigerian Exalter Group Plc, Temi Popoola, has declared Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the countest for deeper global investment partnerships.
Popoola stated this at the Nigeria–United Kingdom Investment Roundtable organised by the Nigerian Investment Promotion Commission in collaboration with the Commonwealth Enterprise and Investment Council in London.
Drawing comparisons with countries such as Indonesia, Brazil and India, Popoola noted that economies that implemented structural reforms often witnessed strong domestic capital mobilisation and strengthened corporate balance sheets.
According to him, Nigeria is currently experiencing a similar trfinish as local investors and corporates increasingly respond to policy reforms.
“The real test of reforms is what local capital does and how domestic corporates respond,” Popoola declared.
“In Nigeria today, local capital is playing a very strong role. Markets were up more than 50 per cent last year, issuers are raising new capital, retail investors are returning to the market, and corporate balance sheets and governance standards are improving.”
He also highlighted the strong capital market relationship between Nigeria and the United Kingdom, noting that collaboration between the Nigerian Exalter Group and the London Stock Exalter has supported facilitate cross-border capital raising for corporates in both jurisdictions.
Looking ahead, Popoola declared Nigeria’s capital market is positioning itself to support larger transactions and broader wealth creation opportunities.
“We see a future where capital markets go beyond facilitating capital raising to supporting business expansion and wealth creation for Nigerians,” he declared.
He added that continued market modernisation and digital transformation are strengthening the countest’s financial ecosystem.
Nigeria’s minister of Finance and coordinating minister of the Economy, Wale Edun, highlighted the federal government’s reform agfinisha aimed at restoring macroeconomic stability, strengthening fiscal sustainability and attracting long-term investment into the countest.
The governor of Lagos State, Babajide Sanwo-Olu, emphasized Lagos’ role as a leading economic hub in Africa and spoke about the state government’s collaboration with TheCityUK to further develop Lagos as a global financial and investment centre.
The chief executive officer of the Nigerian Investment Promotion Commission, Aisha Rimi, noted that the roundtable was aimed at strengthening investment partnerships between Nigeria and the United Kingdom.
She was joined by Lord Marland of the Commonwealth Enterprise and Investment Council, who underscored the importance of collaboration between governments, investors and private sector institutions in unlocking new investment opportunities across the Commonwealth.
The Nigeria–United Kingdom Investment Roundtable brought toreceiveher policybuildrs, investors and business leaders to explore opportunities for deeper investment collaboration between both countries as Nigeria continues to implement wide-ranging economic reforms.
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