The Federal Government has reiterated its commitment to leveraging Nigeria’s capital market as a critical vehicle for driving economic expansion toward the ambitious $1 trillion economy target by the year 2030.
Speaking at the 2025 First Capital Market Committee (CMC) Meeting hosted by the Securities and Exchange Commission (SEC) in Lagos, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, highlighted the capital market’s strategic importance in unlocking long-term financing for key sectors.
Represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, Edun urged capital market stakeholders to strengthen investor confidence, enhance financial literacy, and prepare for the rollout of the Investment and Securities Act (ISA) 2025 as well as the Capital Market Master Plan (CMMP 2030).
“This vision is overdue. Nigeria had the potential to reach this milestone 20 years ago,” Edun said, referencing the country’s untapped economic potential. “With the reforms we’ve undertaken—including fuel subsidy removal, foreign exchange harmonization, and fiscal tightening—the foundation is now set for private capital to power growth.”
Edun emphasized that for Nigeria to realize its trillion-dollar vision, the capital market must become the engine for mobilizing long-term funds across critical sectors like infrastructure, housing, manufacturing, technology, and energy. He called for alignment between fiscal authorities and capital market institutions to ensure policy coordination, innovation, and stability.
Stakeholders at the CMC meeting welcomed the renewed commitment from the Federal Government and pledged to collaborate in positioning Nigeria’s capital market as a top investment destination in Africa and
beyond.
