A Game-Changing Alliance for Katsina’s Economic Future
L- R: shows Olufemi Shobanjo, Chief Executive Officer, NGX Regulation Limited (NGX RegCo); Jude Chiemeka, CEO, Nigerian Exchange Limited (NGX); Alhaji (Dr.) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group; His Excellency, Dr. Dikko Umar Radda, Executive Governor, Katsina State; Temi Popoola, Group Managing Director/CEO, NGX Group and Haruna Jalo-Waziri, MD/CEO, Central Securities Clearing System (CSCS) Plc, during a Closing Gong Ceremony marking a significant step toward advancing the state’s economic vision through capital market opportunities
The recent visit of Katsina State Governor, Dr. Dikko Umar Radda, CON, to the Nigerian Exchange Group (NGX Group) represents a significant milestone in leveraging capital markets for subnational economic transformation. The engagement underscores Katsina State’s commitment to attracting investment, accelerating industrialization, and driving financial inclusion through innovative financing solutions.
Positioning Katsina for Growth through Capital Market Instruments
Governor Radda’s administration is actively pursuing structured, long-term economic growth, as reflected in the Katsina State Development Plan. His discussion with NGX Group Chairman, Alhaji (Dr.) Umaru Kwairanga, highlighted how capital markets can mobilize funds for infrastructure projects, industrial expansion, and employment generation. With an interest in Sukuk bonds, infrastructure bonds, and green bonds, the Governor emphasized the state’s readiness to tap into the capital market to unlock new economic opportunities.
NGX’s Vision for Market-Driven Development
The NGX Group, under the leadership of Group Managing Director/CEO Temi Popoola, is redefining Nigeria’s capital market landscape through technology and innovation. His assurance that NGX is building a dynamic and globally competitive exchange aligns with Katsina State’s drive for sustainable financing models. Additionally, Jude Chiemeka, CEO of NGX, reaffirmed the Exchange’s role in structuring tailored financial solutions for state governments, ensuring Katsina has seamless access to capital for transformative projects.
Symbolic Milestone and Future Prospects
The visit concluded with a Closing Gong Ceremony, symbolizing a new era of strategic collaboration between NGX Group and Katsina State. The presence of key industry leaders—Femi Shobanjo (CEO, NGX Regulation Limited), Haruna Jalo-Waziri (CEO, Central Securities Clearing System), and Oluropo Dada (President, Chartered Institute of Stockbrokers)—further reinforced the capital market’s vital role in driving subnational economic expansion.
This strategic partnership sets the stage for Katsina State to harness capital market-driven financing to fund critical projects, attract investors, and accelerate economic transformation, making it a model for subnational development in Nigeria.
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