Katsina Explores Capital Market Financing Options To Drive Economic Growth

The Governor of Katsina State, Dr. Dikko Radda has expressed the State’s readiness to explore the Nigerian capital market financing option and attract strategic partnerships that would drive economic growth.

Radda stated this during his visit to the Nigerian Exchange Group (NGX Group) yesterday in Lagos. The visit also culminated in a Closing Gong Ceremony, symbolising the beginning of a strategic partnership focused on unlocking investment opportunities, fostering financial inclusion, and driving sustainable economic development in Katsina State through the capital market.

He said the visit at the Exchange was aimed at securing investments to develop key sectors, including infrastructure, power, education, healthcare, and agriculture, while also unlocking the State’s vast natural resource potential.

He noted that Katsina State is rich in natural resources that require significant investment to maximise their potential, explaining that the state’s strong agricultural value chain, presents immense opportunities for growth and economic transformation.

The governor emphasised his administration’s dedication to leveraging capital market instruments to drive economic growth and development, stating that “Katsina State is poised for accelerated economic transformation, and partnerships with institutions like NGX Group are essential in realising our vision.

“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.”

Radda affirmed that “by deepening our engagement with the capital market, we can unlock funding for critical infrastructure, drive industrialisation, and generate employment for our people.”

Group chairman of NGX Group, Alhaji (Dr.) Umaru Kwairanga commended Governor Radda’s administration for its forward-thinking policies, particularly the launch of the Katsina State Development Plan.

He highlighted the crucial role of the capital market in mobilizing investment and securing long-term financing for critical projects.

“The strategic roadmap set by Katsina State reflects a strong commitment to structured and sustainable development. The capital market serves as a vital enabler, providing access to financing that will drive industrialization, infrastructure development, and overall economic prosperity,” Kwairanga stated.

The group managing director/CEO of NGX Group, Temi Popoola 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.

Echoing this commitment, CEO of NGX, Jude Chiemeka reiterated the Exchange’s role in supporting state governments with market-driven financial solutions.

“The Exchange remains committed to working closely with subnational governments to structure tailored financial instruments that align with their development priorities. We have the expertise and resources to facilitate seamless access to capital, ensuring that Katsina State can effectively fund transformative projects,” Chiemeka noted.