Market leaders, regulators, and government officials have urged stakeholders to work together to strengthen Nigeria’s capital market and accelerate capital formation as a key driver of national economic growth.
The call was made at the 2025 Chartered Institute of Stockbrokers (CIS) National Workshop held at the Presidential Villa in Abuja. The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, emphasized the need for closer collaboration among market operators, regulators, and policymakers to build a capital market capable of mobilizing long-term funding and supporting Nigeria’s ambition to become a $1 trillion economy.
Key Highlights:
- Capital Market Growth: Popoola attributed the recent revival of the market to deliberate reforms, improved macroeconomic conditions, and technological upgrades in market infrastructure.
- Collaboration: He stressed that sustaining this momentum would require closer collaboration among market operators, regulators, and policymakers.
- NGX Invest: Popoola highlighted NGX Invest, a platform that has facilitated over N2 trillion in primary market transactions, demonstrating growing market confidence.
- Economic Growth: The capital market is seen as a key enabler of long-term capital formation that supports industries, empowers institutions, and scales the economy.
Call to Action:
- Unified Action: Stakeholders called for unified action to strengthen the capital market and accelerate capital formation.
- Long-term Capital: The Minister of State for Finance, Doris Anite, called for urgent efforts to expand access to long-term capital and enhance investor confidence.
- Innovation and Policy Advocacy: The Special Adviser to the President on Economic Affairs, Tope Fasua, emphasized the need for sustained momentum through innovation, policy advocacy, and ethical conduct.
Commitment to Professionalism:
- CIS Commitment: The President and Chairman of the Council of CIS, Oluropo Dada, reiterated the Institute’s commitment to fostering professionalism and integrity in the capital market.
The stakeholders’ call for unified action aims to position the capital market as a key driver of Nigeria’s economic growth and development.
