FG targets 20 million investors, 250 listed companies by 2036

The Federal Government has set ambitious targets for Nigeria's capital market by 2036, aiming to increase the number of retail investors from six million to 20 million and list 104 more companies, bringing the total to 250. This would lead to an additional 14 million investors, a 233.3 percent increase, and a 71.2 percent rise in listed companies.

The Minister of Finance, Taiwo Oyedele, proposed raising equity market capitalization from 33 percent of Nigeria's Gross Domestic Product to at least 60 percent, aiming to boost the market's role in financing infrastructure and economic development.