Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has highlighted the importance of the African nation’s capital market in achieving the federal government’s $1 trillion economy target.
Speaking at the Capital Market Committee (CMC) meeting through Minister of State for Finance, Dr. Doris Uzoka-Anite, he noted that the market has improved significantly since 2015. Key changes include better governance, new financial products, stronger regulations, and rising investor interest.
“The revised Capital Market Master Plan prioritises digitalisation, innovation, sustainability, inclusion, and capital formation,” he said.
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The implementation of the Capital Market Master Plan (2015–2025) has boosted the sector’s contribution to the economy. The updated plan now focuses on digitalization, innovation, inclusion, and capital formation to support national economic reforms.
The newly passed Investment and Securities Act (ISA) 2025 updates Nigeria’s legal and regulatory framework. It simplifies enforcement and clarifies rules around digital assets and crowdfunding. These changes aim to deepen investor participation and improve coordination among regulators.
Edun stressed the government’s commitment to creating a business-friendly environment where private innovation can grow. He said the capital market will play a central role not just in raising capital but also in promoting wealth creation, economic inclusion, and long-term stability.
The Securities and Exchange Commission (SEC) is driving key reforms. In 2024, the country recorded its fastest GDP growth in nearly ten years, supported by strong market performance and improved fiscal conditions.
SEC Director-General Dr. Emomotimi Agama said the ISA 2025 marks a new phase for Nigeria’s capital market. He said the Commission is engaging stakeholders, educating the public, and pushing for compliance.
He also stressed investor protection, market transparency, and public participation. To support awareness, the SEC has launched a podcast series to explain the new law in simple terms.
The Nigerian capital market recorded strong gains in 2024. The NGX All-Share Index rose by 37.65%, while market capitalization grew by 53.39%.
The SEC is working to improve regulatory efficiency and investor confidence. It is also promoting financial inclusion and supporting women, youth, and grassroots investors.
Agama said the Commission remains focused on transparency, innovation, and long-term growth.
