The Chartered Institute of Stockbrokers (CIS) has charged the Federal Government to sustained ongoing economic reforms as a strategic step towards repositioning Nigeria’s capital market as a key contributor to the $1 trillion target set by the government for the nation’s economy by 2030.
The professional body gave the charge at its one-day workshop with the theme “Capital Formation in Nigeria: Empowering Industry, Institutions, and Markets to Drive a $1tn Economy” held at the State House Conference Centre in Abuja.
In a communiqué issued at the forum and jointly signed by CIS President/Chairman of Council, Oluropo Dada, and Registrar and Chief Executive, Ayorinde Adeonipekun, the Institute specifically urged the government to take deliberate and coordinated actions to deepen capital formation across all sectors.
The Institute maintained that the Federal Government must promote strategic collaboration among key capital market players to harmonise fiscal, trade, and monetary policies with a view to improving investor confidence and attracting long-term capital to the market.
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The professional body further clarified that currently foreign direct investment (FDI) inflows to the economy remained volatile due to currency risks, regulatory unpredictability, and infrastructure gaps, while domestic capital mobilisation through pensions, insurance, and retail investors remained underutilised for industrial financing.
It advocated the urgent need to integrate Nigeria’s informal sector into the formal economy in order to unlock significant domestic capital and expand the tax base of the economy.
This is even as the CIS also made a strong case for well-structured financial instruments targeting diaspora savings and remittances; a national savings strategy to channel local savings into productive sectors; and prioritisation of infrastructure development through public-private partnerships.
The Institute charged capital market regulators, particularly the Securities and Exchange Commission (SEC) Nigeria to leverage the provisions of the recently enacted Investment and Securities Act (ISA) 2025 to strengthen corporate governance, enhance disclosures, and improve dispute resolution mechanisms in the investment market.
Similarly, the professional body advised market operators to be innovative and attract investor groups, including millennials, Gen Z, and Gen Alpha, through the development of products such as real estate investment trusts, venture capital, and long-term infrastructure funds for sustainable growth of the nation’s capital market.
