Lagos Debt Management Office Partners with NGX to Enhance Financial Expertise of Staff

​​The Lagos State Debt Management Office (DMO), in a significant collaboration with the Nigerian Exchange (NGX) and X-Academy, has successfully conducted a two-day capacity-building programme. Themed “Understanding Capital Market Structure, Products, Investment Process and Regulatory Trend,” the training was held at the STO Resource Centre in Ikeja. This initiative aims to deepen the technical knowledge of DMO staff, ensuring they are well-equipped to manage the state’s sophisticated financial portfolio.

Representing the Permanent Secretary of the DMO, the Director of Admin and Human Resources, Ms. Titi Awokoya, urged participants to embrace the culture of continuous learning. She noted that as an active issuer in the capital market, it is imperative for the state’s workforce to understand the dynamics of raising patient capital for infrastructure development. This training is part of a broader administrative policy to ensure that government officials remain competitive and knowledgeable in global financial trends.

​The Team Lead of NGX X-Academy, Ms. Ugochi Obi, acknowledged Lagos State’s active and influential role in the capital market as a primary motivation for the partnership. She noted that bridging the knowledge gap is essential for the efficient execution of staff responsibilities, particularly regarding market surveillance and regulatory compliance. The collaboration highlights the synergy between the public sector and market regulators in fostering economic stability.

​The curriculum for the two-day session was comprehensive, covering the roles of operators and regulators, clearing and settlement processes, and investment opportunities within the capital market. Participants were given a deep dive into the processes of trading and the importance of adhering to regulatory trends. This technical exposure is designed to enhance service delivery and improve the state's strategic approach to debt management and resource mobilization.

Ms. Obi reaffirmed the commitment of the NGX to continue supporting the Lagos State Government in its efforts to develop the capital market. The training concluded with a sense of accomplishment, as staff members gained practical insights that will be applied to the state’s financial operations. This proactive investment in human capital ensures that Lagos remains at the forefront of sound financial management in Nigeria.