EDUN HIGHLIGHTS CRUCIAL ROLE OF THE CAPITAL MARKET FOR NIGERIA'S $1TRILLION ECONOMY GOAL.

The Minister of Finance and Coordinating Economy, Wale Edun, has highlighted the capital market's crucial role in achieving Nigeria's goal of becoming a $1 trillion economy. 

Speaking at the Capital Market Committee meeting, Edun, who was represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, outlined the market's transformation since 2015, citing improvements in governance, new products, and a stronger regulatory environment, noted that the revised Capital Market Master Plan prioritizes digitalization, innovation, sustainability, and capital formation, aligning with the government's economic reform agenda.

According to him, the enactment of the Investment and Securities Act (ISA) 2025 is expected to modernize the legal framework, streamline enforcement, and provide clarity on emerging areas like digital assets and crowd funding. 

Also speaking, the Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, who emphasized the Commission's commitment to regulatory reforms, capital market growth, and investor protection, highlighted initiatives to enhance financial inclusion, investor education, and technology-driven solutions.

Highlighting the Nigerian capital market’s impressive growth in 2024, with the NGX All-Share Index increasing by 37.65% and market capitalization growing by 53.39%, Agama said the government aims to create an enabling environment for private sector innovation, promoting economic inclusion, wealth creation, and long-term national resilience.