UK to support Nigerian capital market for sustainable development

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Ahonsi Unuigbe أخبار

MOBILIST,Nigeria Capital Market,Nigerian Exchange Limited (NGX)

The British Government has reiterated its commitment to supporting Nigeria develop its thriving capital market by collaborating with Nigeria

Chairman, Nigerian Exchange Limited , Mr. Ahonsi Unuigbe ; British Deputy High Commissioner, Mr. Johnny Baxter and acting Chief Executive Officer, NGX, Mr. Jude Chiemeka during the Public Markets -Focused Finance Engagement organised by MOBILIST and NGX in Lagos.

The events come after former UK Foreign Secretary, James Cleverly’s visit to Nigeria last year and his participation in the launch of the partnership between MOBILIST and NGX intended to catalyse greater investment in the SDGs via new investment structures listed on the exchange. According to the Organisation for Economic Co-operation and Development , the African continent needs additional financing of about USD194 billion annually to achieve the Sustainable Development Goals by 2030.

“MOBILIST’s focus on stimulating the creation of innovative listed products can make a unique and impactful contribution to achieving these objectives.” MOBILIST Programme Lead, FCDO, Ross Ferguson said, “MOBILIST is the expression of the UK’s conviction that public markets have a underutilised but potentially critical role in financing sustainable development at scale by mobilising private capital to flow where it is needed most, to the firms that are going to contribute most to solving developmental challenges and help deliver a fair and orderly climate transition for Nigeria.

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