FG Unveils 10-year Capital Market Master Plan, Targets N750 Trillion Expansion by 2036
• Shettima says market bridge between people’s savings, nation’s investment needs •Oyedele: strong market, recipe for $1trn economy vision •UK says Nigeria now well-placed to fully tap into market •SEC
Vice President Kashim Shettima launched the Nigerian Capital Market Master Plan (NCMMP 2.0) in Abuja, outlining a plan to expand the capital market from N250 trillion to N750 trillion by 2036. Shettima emphasized that the market serves as the bridge connecting citizens' savings to the nation's investment needs. The Minister of Finance, Mr. Taiwo Oyedele, stated that Nigeria aims to achieve a $1 trillion capital market within the next decade, highlighting that a robust capital market is crucial for attaining a $1 trillion economy.
The British High Commissioner to Nigeria, Pete Vowles, pointed out that Nigeria is now well-positioned to capitalize on the potential of the capital market. The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, attributed the recent progress in the Nigerian capital market to President Bola Tinubu's reform agenda.
Deutsche Bank AG included Nigeria in its frontier foreign exchange monitor, indicating growing investor interest in the naira due to prospects of further appreciation against the US dollar. The vice president noted that the capital market has grown from an All-Share Index of over 55,000 points to above 247,000 in just three years, with equity market capitalization reaching over N100 trillion.
Shettima attributed this growth to reforms such as the removal of petrol subsidies, the unification of the foreign exchange market, tax reforms, bank recapitalization, and the enactment of the Investments and Securities Act 2025. He emphasized that the NCMMP 2026-2036 aims to integrate the capital market into national economic policy, enabling governments to fund long-term projects through domestic savings and encouraging retail participation through technology and investor education.
The successful implementation of the plan, according to Shettima, hinges on consistent policies, effective regulation, and the ability of market participants to protect investors while expanding investment opportunities nationwide.
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