The Nigerian Exchange Group (NGX Group) has expressed its commitment to exploring opportunities for financing projects in Nigeria and facilitating capital raising.
The Group Managing Director and CEO of NGX Group, Temi Popoola, reaffirmed the organisation’s dedication to identifying new avenues for financing and capital formation.
Speaking during an interview at the First Bank ground-breaking event in Lagos, Popoola underscored how the proposed Lagos International Financial Centre (LIFC) reflects the growing confidence of investors and stakeholders in Nigeria’s economy.
The LIFC initiative, spearheaded by the Lagos State Government in collaboration with Enterprise NGR, aims to position Lagos as a premier global financial hub. The project is designed to foster an enabling environment for seamless trading, attract foreign investment, and enhance the competitiveness of Nigeria’s financial markets.
As a key financial market intermediary, the NGX Group remains committed to seeking financing opportunities, supporting capital formation, and facilitating capital raising. Popoola further elaborated on the vision behind the LIFC, describing it as an initiative aimed at establishing Lagos as a financial centre comparable to Dubai, South Korea, New York, and London.
He explained that the project envisions a free zone with tax incentives, a harmonised regulatory framework, and a strong focus on human capital development, which would enhance Lagos’s ability to compete on a global scale.
Popoola also emphasised that the NGX Group is determined to play a pivotal role in driving this initiative forward. He stated that the organisation is committed to ensuring that the exchange remains at the core of advancing initiatives of this nature.
According to him, the NGX Group has engaged with the state governor and other financial exchanges and remains dedicated to improving the overall quality of Nigeria’s financial ecosystem.
