The Nigerian Exchange Group has called for stronger investment and commercial ties between Nigeria and the United States to increase capital flows and accelerate economic growth. Group Chairman Dr. Umaru Kwairanga made the call at the U.S.-Nigeria Council Breakfast in New York. He identified financial services, technology, and infrastructure as sectors with significant investment opportunities in Nigeria. According to Kwairanga, unlocking these opportunities requires adequate capital and strong institutions.
Kwairanga described the U.S. as a major source of global capital, technology, and business networks. He urged Nigeria to build stronger and more sustainable economic relationships with American businesses and investors. The NGX chairman said Nigeria’s engagement with the U.S. should extend beyond attracting American capital into individual transactions. He called for lasting relationships among Nigerian and American businesses, investors, and institutions.
Kwairanga said investors consider factors such as market infrastructure, corporate governance, and transparency when assessing investment destinations. He noted that Nigeria’s financial ecosystem was evolving in these areas, with NGX Group working to strengthen investment infrastructure and improve access to the market. The private sector, he added, has an important role to play in deepening economic relations between Nigeria and the U.S.
The NGX chairman said platforms such as the breakfast meeting could help shift discussions from identifying Nigeria’s economic potential to executing viable investment opportunities. He advocated for identifying specific opportunities, developing business cases, determining capital requirements, and connecting the right partners. Successful investment relationships, he noted, are built on trust and supported by predictable institutions and credible governance.
Kwairanga identified technology, financial services, infrastructure, sports, entertainment, and professional services as sectors with potential for stronger commercial partnerships. He said achieving the scale of investment required to support Nigeria’s development would depend on collaboration among government, regulators, investors, businesses, and international partners.
Kwairanga reaffirmed NGX Group’s commitment to providing a credible and efficient platform for businesses to raise capital and investors to participate in Nigeria’s economic growth. He commended the U.S.-Nigeria Council for convening the breakfast and providing a platform for deeper engagement among stakeholders from both countries.
The call for stronger Nigeria-U.S. investment ties is part of efforts to boost capital flows and accelerate economic growth in Nigeria. The NGX Group chairman emphasized the need for collaboration and partnerships to unlock investment opportunities in Nigeria.
Key points
- Dr. Umaru Kwairanga called for stronger investment ties between Nigeria and the U.S.
- The Nigerian Exchange Group aims to provide a credible platform for businesses to raise capital and investors to participate in Nigeria’s economic growth.
- Successful investment relationships are built on trust and supported by predictable institutions and credible governance.
