By Seun Ibiyemi
The Nigerian Exchange Group (NGX Group) has called for increased investment in Nigeria’s critical infrastructure to unlock economic growth and enhance the country’s global competitiveness.
In a statement issued in Lagos, the Group said its Chairman, Umaru Kwairanga, made the call on Thursday at the Nigeria Infrastructure Investment Forum in London.
Kwairanga, who spoke alongside the Minister of Industry, Trade and Investment, Jumoke Oduwole, said Nigeria remains an attractive destination for investors, citing its abundant natural resources and growing workforce.
He noted that the country possesses vast agricultural potential, rich mineral deposits, and a large youthful population capable of driving long-term economic expansion.
However, he identified infrastructure deficits as a major constraint to growth.
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“Nigeria needs to upgrade its roads, ports, power and rail systems to improve productivity and compete globally,” he said.
Kwairanga explained that the country is seeking strategic investments to support infrastructure development and accelerate economic expansion.
He added that ongoing policy reforms by the government are addressing structural challenges and improving the investment climate.
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According to him, the current policy direction is opening up opportunities for investors to participate in Nigeria’s development.
Kwairanga urged global investors to take advantage of these opportunities and support infrastructure financing, expressing optimism that improved infrastructure, combined with reforms and available resources, will strengthen Nigeria’s economic outlook.
