The Senate Committee on Capital Market says the newly amended Investment and Securities Act 2025 will play a key role in achieving President Bola Tinubu's $1 trillion economy target.
Speaking in Abuja, the committee chairman, Senator Osita Izunaso, said the Act, signed into law last week, aims to strengthen Nigeria's investment landscape, curb Ponzi schemes, and support the growth of digital assets and cryptocurrency.
Read also
"The new law resets the entire investment and securities framework in Nigeria," Izunaso stated. "For the first time, digital assets and cryptocurrency are now recognized as securities under Nigerian law."
The law repeals the 2007 Investment and Securities Act and introduces modern regulations to boost investor confidence, protect market integrity, and enhance capital market growth.
President Tinubu had set a $1 trillion GDP target by 2030, emphasizing capital market reforms as a key driver of economic expansion.
No comments:
Post a Comment