The Nigerian Exchange Group (NGX Group) on Thursday played host to the Executive Governor of Katsina State, Dr. Dikko Umar Radda, CON, at the Exchange, marking a major milestone in the state’s push for economic growth through capital market opportunities. The event highlighted Katsina State’s commitment to sustainable development and strategic partnerships that aim to attract investment, expand infrastructure, and promote financial inclusion.
During the visit, Alhaji (Dr.) Umaru Kwairanga, the Group Chairman of NGX Group, extended a warm welcome to the Governor and his delegation, praising Governor Radda’s administration for its progressive policies. He specifically pointed to the launch of the Katsina State Development Plan as a significant step in fostering structured growth. He noted the importance of the capital market in mobilizing investment and securing long-term financing for essential 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,” Kwairanga stated.
Governor Radda echoed the sentiment, expressing his administration’s enthusiasm to leverage capital market instruments to drive economic growth. “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 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 industrialization, and generate employment for our people,” Governor Radda affirmed.
Temi Popoola, the Group Managing Director/CEO of NGX Group, reinforced the company’s commitment to transforming Nigeria’s capital market landscape. He explained how NGX Group is pioneering new ways of providing market access and capital. “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.
Jude Chiemeka, CEO of NGX, also highlighted the Exchange’s dedication to helping 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 remarked.
The visit concluded with a Closing Gong Ceremony, symbolizing the start of a strategic partnership aimed at unlocking investment opportunities, driving financial inclusion, and advancing economic development in Katsina State through the capital market.
Other capital market stakeholders in attendance 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. They expressed their optimism for a deeper engagement with Katsina State in the future, reinforcing the critical role that capital markets play in boosting the economy of subnational regions.
