Governor Pledges to Grow Katsina State’s Economy through Capital Market

Katsina State Governor in northwest Nigeria, Dr Dikko Umar Radda, has reiterated his administration’s commitment to utilising capital market instruments to foster economic growth and development.

Speaking on the state’s economic outlook, Governor Radda said Katsina is positioned for accelerated transformation, highlighting the importance of strategic partnerships with institutions such as the Nigerian Exchange (NGX) Group in achieving this vision.

These formed parts of discussions when the Nigerian Exchange Group hosted Governor Radda at the Exchange.

According to the governor, the visit reaffirmed his commitment to sustainable economic development and the importance of strategic partnerships in attracting investments and fostering financial inclusion.

“We are keen on exploring Sukuk bonds, infrastructure bonds, and green bonds to finance key projects, attract investment, and create economic opportunities within the state. By deepening our engagement with the capital market, we can unlock funding for critical infrastructure, drive industrialisation, and generate employment for our people,” Governor Radda stated.

For his part, the Group Chairman of the Nigerian Exchange Group, Dr Umaru Kwairanga, commended the Katsina State governor for his visionary leadership and commitment to the sustainable transformation of the state.

The NGX Chairman said that in just over a year, Dr. Radda’s administration has taken decisive steps toward stability, development, and long-term growth, especially with the launch of the 19-year Katsina State Development Plan.

He said that “the 19-year Katsina State Development Plan plan is a clear demonstration of the governor’s commitment to sustainable progress, stressing that this strategic roadmap not only provides a long-term vision for economic and social advancement but also underscores the importance of structured, intentional development.

He, however, stated that achieving the vision requires sustainable funding mechanisms, strategic partnerships, and access to capital, “areas where the capital market serves as a critical enabler.”

He assured the Governor that with the NGX Group, which recognises that economic expansion and sustainable development thrive on investment mobilisation and capital market integration, Katsina State stands to benefit significantly from capital market solutions that can unlock funding for critical projects and stimulate private sector participation.

On the NGX’s role in fostering green energy initiatives and sustainable finance, the NGX Chairman said, “The NGX Impact Board offers Katsina State a platform to raise funding for climate resilience projects, renewable energy, and other sustainability-driven initiatives through green and social bonds. As we navigate the challenges of a changing global economy, investing in sustainability is no longer optional; it is imperative.”

Also at the event, the Managing Director of the NGX, Mr Temi Popoola, Group, restated the Group’s commitment to transforming Nigeria’s capital market landscape through innovation and technology.

“We are building an exchange that extends beyond traditional securities trading. By leveraging technology, we are enhancing market accessibility, attracting capital, and creating new investment opportunities. Our goal is to develop a dynamic, inclusive, and globally competitive capital market that supports national and subnational economic growth,” Popoola stated.

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