Lagos, Nigeria – E get beta gist wey go make you sip your palm wine slow: Dangote Petrochemicals dey prepare to land for Nigerian Exchange Group (NGX). Abeg, if you sabi who no go chop better money when dem start to sell shares? The chairman of NGX Group, Dr. Umaru Kwairanga, talk say this listing go boost market capitalization and ginger Nigeria’s capital markets. E no small matter o!
According to Dr. Kwairanga, this big move align well with President Bola Tinubu’s serious economic agenda wey dey aim to pump Nigeria Gross Domestic Product (GDP) reach $1 trillion by 2030. So you see, e no just be wahala, na strategy wey go help the nation grow. Dem don already plan to sell stake for NNPC Ltd. too, and all eyes dey on how that one go change the game.
As Dr. Kwairanga yarn, “Dangote Refinery don apply for dem petrochemical listing, and we dey work to enter the market before second quarter end.” (Omo, if this one happen, na real flex for investors!) He insist say we need strong market participation to chase long-term infrastructure development and make businesses formal.
But hear dis, he no deny worry for the fact say Nigeria stock market capitalization still dey below 20% of GDP, while South Africa’s Johannesburg Stock Exchange dey japa past our GDP. Na serious level o! To tackle this, NGX Group don dey work with Securities and Exchange Commission (SEC) to improve market transparency and efficiency – wahala no dey finish, we go chop better things if dem do am well!
Dr. Kwairanga come brag small; him talk say digital innovation fit change the story for market participation. Dem launch NGX Invest to help young people and students sabi about this investment matter – so you see, dem no dey slack! Dis platform fit show people how to invest smartly without plenty stress.
NGX dey engage pension fund administrators and mutual funds too as dem dey develop advanced financial products like exchange-traded funds (ETFs) and derivatives for those wey sabi make solid investments. E go also fit bring in ethical investment instruments wey go sweet many investors.
Ayaya! As if that one no enough, dem dey plan to link African markets together. Imagine say Nigeria investors fit trade shares from Ghana and other countries – e mean say business go dey fly everywhere! Kwairanga still believe say, no matter the economic headwinds like falling disposable income or infrastructure wahala, Nigeria go still carry the bigger, deeper, and more sophisticated capital market wey e deserve.
So, make you just keep your ears open and follow these developments. Who know, you fit enter with Dangote Petrochemicals and collect your share of the palm wine! Cheers to better days ahead, my padi!
