Nigerian Exchange Group (NGX Group) has called for increased investment in Nigeria’s critical infrastructure to unlock economic growth and strengthen the country’s global competitiveness. 

A statement by NGX Group in Lagos said its chairman, Umaru Kwairanga, made the call on Thursday at the Nigeria Infrastructure Investment Forum in London.

Mr Kwairanga, who spoke alongside the Minister of Industry, Trade and Investment, Jumoke Oduwole, said Nigeria remains an attractive destination for investors, citing its natural resources and growing workforce.

He said the country has significant agricultural potential, mineral resources, and a large youthful population to support long-term economic expansion.

The NGX Group boss, however, identified infrastructure as a key constraint to growth.

“Nigeria needs to upgrade its roads, ports, power and rail systems to improve productivity and compete globally,” he said.

Mr Kwairanga said the country was seeking strategic investment to support infrastructure development and drive economic expansion.

He added that policy reforms by the government were addressing structural challenges and improving the investment climate.

According to him, the policy direction is creating opportunities for investors to participate in Nigeria’s economic development.

Mr Kwairanga urged global investors to take advantage of the opportunities and support infrastructure financing.

He expressed optimism that improved infrastructure, combined with available resources and policy reforms, would strengthen Nigeria’s economic outlook. 

(NAN)