By Chinwendu Obienyi
Following the launch of the revised capital market master plan (RCMMP), the Nigerian Exchange Limited (NGX) has said it was looking forward to growing the current active retail participation level to 5 million by 2025.
This is even as it revealed that it has facilitated about N3.5 trillion for governments and corporates so far this year.
The Divisional Head, Capital Markets, NGX, Jude Chiemeka, stated this while giving his remarks at the Nigeria Integrated National Financing Framework (INFF) dialogue during a programme monitored by Daily Sun on Thursday.
Speaking on the theme of the event tagged “How Can Nigeria Finance its Development Priorities”, Chiemeka stated that the capital market could serve as the primary source of bulk mobilisation of capital to finance developmental projects adding that the NGX had implemented an array of incentives, programmes and capacity building workshops for investors.
He noted that as an exchange, the NGX provides the platform that will enable the government to finance projects through green instruments that investors can invest in and ultimately benefit from the returns.
This, he said is a very critical aspect of the market so as to ensure there is constant investor education, sound governance and regulation. “If you take a look at the recently revamped Capital Market Master plan, there is a conversation there around increasing retail investor participation in our markets.
Our goal is to revamp the current active retail participation level to 5 million by 2025. Also the NGX has been able to facilitate the raise of about N3.5 trillion since January 2022 for corporates federal and state governments.
We are very well equipped to support the financing of these capital projects because we have the platform, right partnerships both domestic and international”, he said.
He further said the yet-to-be launch African Exchanges Linkage Project (AELP) will give Nigeria the ability to leverage the investor base in other capital markets to fund the projects to grow the economy and lift people out of poverty.