August 26, 2025
The Federal Government have been urged to embark on a comprehensive reform that will reposition Nigeria’s capital market as a central engine in the drive to attaining it proposed $1 trillion economy.
The Chartered Institute of Stockbrokers, CIS, made the charge in a communiqué issued after a one-day workshop held at the State House Conference Centre in Abuja.
The workshop which had as it theme ‘Capital Formation in Nigeria: Empowering Industry, Institutions, and Markets to Drive a $1 Trillion Economy’ attracted policymakers, market regulators, financial experts, and industry leaders and sought to articulate actionable pathways towards achieving the government’s ambitious economic growth target.
READ MORE; Stock Market Boom: Nigerian Investors Gain N25.7 Trillion in Seven Months.
In the communiqué, jointly signed by the Institute’s 13th President and Chairman of Council, Oluropo Dada, and the Registrar/Chief Executive, Ayorinde Adeonipekun, the stockbrokers, opined that while the $1 trillion economy aspiration is attainable, but not without deliberate and coordinated measures to strengthen capital formation across various sectors of the economy.
They stressed that Nigeria’s weak institutions, inconsistent policy frameworks, and underdeveloped financial markets continue to undermine capital mobilisation despite the progress already recorded through certain government reforms.
The communiqué underscored the urgent need for government-led strategic coordination to harmonise fiscal, trade, and monetary policies.
