Finance Minister Wale Edun says Nigeria’s ambition to become a $1 trillion economy hinges on a stronger capital market backed by reform, innovation, and investor confidence.
PEOPLES GAZETTE
Finance Minister Wale Edun has underscored the importance of the capital market in realising Nigeria’s ambition of becoming a $1 trillion economy.
Speaking at the Capital Market Committee (CMC) meeting, Edun—represented by Minister of State for Finance, Doris Uzoka-Anite—noted significant progress since 2015, driven by regulatory reforms and increased investor participation.
He said, “The revised Capital Market Master Plan prioritises digitalisation, innovation, sustainability, inclusion, and capital formation.”
The passage of the new Investment and Securities Act (ISA) 2025 was described as a key milestone. It modernises regulation, addresses digital assets, and improves enforcement.
SEC Director-General Emomotimi Agama called it “the beginning of a transformative new era,” adding that investor confidence, innovation, and compliance were top priorities.
Agama also revealed that the NGX All-Share Index rose by 37.65% in 2024, with market capitalisation up 53.39%.
He stressed the SEC’s commitment to education, including launching a podcast to simplify the ISA 2025 for the public.