Stockbrokers’ Institute, Lagos Govt Partner To Boost Financial Literacy, Market Growth

The Chartered Institute of Stockbrokers (CIS) and Lagos State government have partnered to advance financial education, capital market development, and economic growth, with Governor Babajide Sanwo-Olu emphasising the importance of stockbrokers in driving the economy.

The leadership of CIS strengthened its engagement with the Lagos State government following a high-level courtesy visit to the Governor Babajide Sanwo-Olu.

Recall that the Lagos State government listed two massive bonds totalling N244.815 billion on the Nigerian Exchange Limited in February 2026.

Led by its president and chairman of council, Oluropo Dada, the Institute outlined its statutory mandate as Nigeria’s premier professional body for securities and investment practitioners, emphasizing its pivotal role in advancing professionalism, investor confidence and capital market stability.

Dada highlighted the Institute’s ongoing reforms and strategic initiatives, while formally inviting the governor to participate in its forthcoming programmes.

In his response, Sanwo-Olu described stockbrokers as ‘quiet drivers of the economy’, acknowledging their critical role in mobilising capital and strengthening the financial system.

He commended the Institute for supporting Lagos State’s successful capital raising efforts and market listings, noting that such collaborations reinforce the state’s economic resilience.

The governor also praised the Institute’s steady growth and leadership under Dada. He acknowledged CIS participation in the Lagos International Finance Centre initiative through EnterpriseNGR, aligned with the broader economic vision of President Bola Tinubu to position Lagos as a globally competitive financial hub.

Sanwo-Olu further congratulated the Institute on its appointment as one of the professional bodies selected to deliver financial literacy and inclusion training to 10 million Nigerians, pledging continued collaboration with the state government.

The delegation included senior Council members and the managing director of Nigerian Exchange Limited (NGX), Jude Chiemeka. The visit signals a renewed push to align capital market development with Lagos State’s long-term economic transformation agenda.