UK to support Nigerian capital market for sustainable development

THE British Government has reiterated its commitment to supporting Nigeria develop its thriving capital market by collaborating with Nigeria’s financial sector through Mobilising Institutional Capital Through Listed Product Structures ( MOBILIST) programme. At two MOBILIST events hosted by the Nigerian Exchange Limited ( NGX) and the British Deputy High Commission ( BDHC) in Lagos, the UK underlined its commitment to work with Nigeria to enable private capital mobilisation at scale.

The events in the Nigeria’s financial hub brought together stakeholders from across the finance community, including representatives of the Securities and Exchange Commission ( SEC) and pension fund industry, to discuss opportunities to solve some of the principal barriers to increasing investment in the SDGS via public markets.

The events come after former UK Foreign Secretary, James Cleverly’s visit to

Nigeria last year and his participation in the launch of the partnership between MOBILIST and NGX intended to catalyse greater investment in the SDGS via new investment structures listed on the exchange.

MOBILIST provides investment capital in the form of equity as well as technical assistance to overcome barriers and enable the listing of pioneering products that can mobilise institutional capital at scale to deal with the twin challenges of development and the climate transition.

MOBILIST also offers extensive research and policy advocacy support to highlight obstacles and enhance the environment for issuers, investors, and intermediaries.

Nigeria’s capital market can help contribute to the delivery of the country’s economic goals, including the ambition to transition to clean energy solutions, but needs around $ 10 billion in financing per year to meet the Sustainable Development Goals ( SDGS) by 2030.