The federal government has restated its ambition to grow Nigeria into a $1 trillion economy, with a clear focus on leveraging private sector innovation and enacting deep capital market reforms.
Speaking at the Capital Market Committee (CMC) meeting in Abuja, Finance Minister Wale Edun, represented by Minister of State for Finance Dr. Doris Uzoka-Anite, said the administration is committed to building a fair, transparent, and investor-friendly environment that enables businesses, including SMEs, to thrive.
He noted that the Capital Market Master Plan (2015–2025) has already laid a solid foundation by improving governance, introducing new investment products, and attracting broader investor participation. The updated plan now focuses on digital transformation, financial inclusion, sustainability, and capital formation—all of which align with Nigeria's broader economic reforms.
A major achievement highlighted was the passage of the Investment and Securities Act (ISA) 2025, which modernizes regulations, supports enforcement, and covers emerging sectors like digital assets and crowdfunding. Edun emphasized that the capital market is no longer just about fundraising—it's a strategic platform for wealth creation, inclusive growth, and long-term national development.
He also noted that Nigeria achieved its fastest GDP growth in nearly 10 years in 2024, thanks to strong performance in Q4 and better fiscal discipline. He attributed this to reforms by the Securities and Exchange Commission (SEC), such as aligning with international sustainability and governance standards.
Read also,
SEC Director-General, Dr. Emomotimi Agama, called the new ISA a "transformative milestone" for the capital market. He reaffirmed the Commission's commitment to restoring investor confidence, supporting innovation, and ensuring that all Nigerians—including small businesses—have better access to investment opportunities.
Agama also promised stronger compliance monitoring and stakeholder engagement to make the capital market more transparent, competitive, and inclusive.
Stakeholders remain optimistic that these reforms will help unlock Nigeria's full economic potential and attract sustainable investment flows, particularly in sectors vital to SMEs and long-term national growth.
No comments:
Post a Comment