{
  "id": 8480407,
  "title": "Presidency, SEC Set To Mobilise Domestic Savings For $1trn Economy",
  "url": "https://urgent.news/2026/09/19/presidency-sec-set-to-mobilise-domestic-savings-for-1trn-economy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-19T14:52:32.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/19/presidency-sec-set-to-mobilise-domestic-savings-for-1trn-economy/"
  },
  "original_language": "en",
  "account": "The National Savings Scheme and the Nigerian Capital Market Master Plan 2.0 are set to be unveiled during the Capital Market Conversation scheduled for October 19, 2026, at the State House in Abuja. This initiative aims to deepen Nigeria's capital market and mobilise domestic savings in support of President Bola Tinubu's ambitious $1 trillion economic growth target. Deputy Vice-President, Vice-President Kashim Shettima, is expected to endorse the master plan, which is a 10-year strategic framework for the development of the capital market. The event is expected to bring together local and international investors, capital market operators, listed companies, market infrastructure institutions, policymakers, and other stakeholders. The Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Abubakar Zauro, emphasized the importance of a deeper capital market in mobilising capital, broadening investment opportunities, and strengthening financial inclusion. Zauro highlighted the need to ensure that ordinary Nigerians can access financial and economic opportunities and participate in investment, stating that financial inclusion goes beyond merely opening bank or investment accounts. The National Savings Scheme, he explained, is designed as an inclusion tool that provides Nigerians with an opportunity to save, with the savings being invested for the future. The scheme will incorporate tax incentives, particularly for citizens below specified income thresholds, which could increase their capacity to save and invest. The Nigerian Capital Market Master Plan 2.0, on the other hand, is a 10-year strategic framework that will provide direction for the market's development and establish measurable indicators for assessing its performance. The plan aims to increase the market-to-GDP ratio and expand the investor base, which are critical indicators for measuring the progress of the Nigerian economy.",
  "summary": "* National savings scheme to offer tax incentives Deji Elumoye in Abuja The Presidency and the Securities and Exchange Commission (SEC) have unveiled plans to deepen Nigeria’s capital market and",
  "key_points": [
    "Aim to mobilize domestic savings for $1 trillion economic growth target",
    "Technical Adviser emphasizes financial inclusion for ordinary Nigerians"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}