{
  "id": 8576722,
  "title": "Presidency, SEC Unveil Plans Mobilise Domestic Savings for $1 Trillion Economy",
  "url": "https://urgent.news/2026/09/20/presidency-sec-unveil-plans-mobilise-domestic-savings-for-1-trillion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-20T01:19:39.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/20/presidency-sec-unveil-plans-mobilise-domestic-savings-for-1-trillion-economy/"
  },
  "original_language": "en",
  "account": "The Presidency and the Securities and Exchange Commission (SEC) have announced plans to bolster Nigeria's capital market and stimulate domestic savings, in alignment with President Bola Tinubu's goal of achieving a $1 trillion economy by 2029. SEC is set to launch a National Savings Scheme, offering tax incentives to encourage domestic savings. Additionally, Vice President Kashim Shettima will endorse the Nigerian Capital Market Master Plan 2.0, a 10-year strategic roadmap for market development, at a Capital Market Conversation scheduled for October 19, 2026, at State House, Abuja. The event is expected to draw local and international investors, market operators, and policymakers. Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Abubakar Zauro, emphasized the importance of a deeper capital market to broaden investment opportunities and enhance financial inclusion. Zauro highlighted that the October conference would allow stakeholders to review sector developments and identify further growth measures. The National Savings Scheme aims to empower Nigerians by providing an accessible avenue for saving and investing, with tax incentives for citizens in lower income brackets. SEC Director-General, Dr Emomotimi Agama, explained that the scheme would enable citizens to save for the future while fostering financial inclusion.",
  "summary": "Shettima to endorse 10-year Capital Market Master Plan 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": [
    "Presidency and SEC plan to mobilize domestic savings for $1 trillion economy by 2029.",
    "SEC to launch National Savings Scheme with tax incentives for domestic savings.",
    "VP Kashim Shettima to endorse Nigerian Capital Market Master Plan 2.0 in October 2026."
  ],
  "editors_take": "The new National Savings Scheme and Capital Market Master Plan 2.0 signal a strategic shift towards leveraging domestic savings and capital market growth to drive Nigeria's economic expansion.",
  "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."
}