By Peter Egwuatu

The Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), Sehinde Adenagbe, has advocated stronger collaboration between government and capital market stakeholders to drive infrastructure financing and economic growth in Nigeria.

Adenagbe made the call during the induction of the Governor of Lagos State, Babajide Olusola Sanwo-Olu, as an Associate of the Chartered Institute of Stockbrokers (CIS), stressing the need to deepen the use of capital market instruments for development.

He said sustained engagement between regulators, operators, and subnational governments would enhance investor confidence and unlock long-term funding for critical infrastructure projects.

Citing Lagos State’s track record, Adenagbe highlighted the successful issuance of a N14.815 billion Series 3 Green Bond and a N230 billion Series 4 Bond in 2025, both of which were oversubscribed, reflecting strong investor confidence.

He urged governments at all levels to increasingly explore bonds and other market instruments to finance projects, while maintaining transparency, discipline, and accountability.

The ASHON chairman also called for continued cooperation between the Securities and Exchange Commission Nigeria, NGX Group Plc, and market operators to strengthen regulatory compliance and expand participation. He congratulated Sanwo-Olu on the fellowship, expressing optimism that the recognition would further promote investor-friendly policies and sustainable economic growth.