FG mulls plans to fast-track listing of tech startups on NGX

FG mulls plans to fast-track listing of tech startups on NGX

 The Ministry of Communications, Innovation and Digital
Economy says it is collaborating with the Nigerian Exchange Limited to
fast-track the listings of startups on the NGX technology board.

 

The Minister of Communications, Innovation and Digital
Economy made this known at an event, ‘Invest in Africa’s Future- Let’s talk
about exits’ in New York, USA.

 

In a statement issued by NGX at the weekend, Tijanni said
the initiative is necessary to encourage and boost tech entrepreneurs.

 

“We cannot do all these as a country without prioritising
innovation and encouraging entrepreneurs to build. Nigeria is now open to
investments.

 

“We want to prioritise the ability of our technology
companies to export products, and we are targeting Africa first and then
eventually start selling to the rest of the world,” he said.

 

At the same event, the Chief Executive Officer of NGX, Temi
Popoola, stated that the exchange would support the minister’s agenda and
President Bola Tinubu’s mandate.

 

“We will continue to do a lot of work that makes us able to
attract local capital, and the day tech startups come to the exchange, we are
confident that there would be a very good audience of investors wanting to own
a bit of their shares.

 

“We at NGX are doing this by removing all barriers for that
to happen,” he stated.

 

Recall that President Tinubu led the Nigeria
delegation to the just concluded 78th session of the United Nations General
Assembly in New York, USA.

Source: FG mulls plans to fast-track listing of tech startups on NGX

 - NigerianEye
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