The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to prioritize capital formation as a critical step toward achieving Nigeria’s $1 trillion economy target.
Speaking at a policy workshop, CIS President Oluropo Dada emphasized that capital formation relies on strong institutions, consistent economic policies, and an inclusive financial system.
He highlighted the need to formalize the informal sector, promote public-private partnerships, and deepen investor participation.
The Securities and Exchange Commission also stressed the importance of the newly enacted Investment and Securities Act as a tool for unlocking long-term capital.
Representing the Vice President, Special Adviser Dr. Tope Fasua noted that the capital market has shown strong growth, but sustainable development depends on aligning fiscal, monetary, and trade policies.
A communiqué issued at the event called for improved infrastructure financing, greater support for local investors, and a national savings strategy to drive economic expansion.
The CIS concluded that Nigeria’s $1 trillion goal is achievable—but only through coordinated reforms and a vibrant capital market.
