Wale Edun, minister of Finance and coordinating minister of the Economy, has identified the significant role of Nigeria’s capital market in achieving the country’s $1 trillion economy target by 2030.
Speaking during the Capital Market Committee (CMC) meeting in Lagos, where a new law was unveiled on Monday, the Minister stated that the capital market remains a significant part of Nigeria’s reform agenda as it not only provides funding for the private and public sector, but also enhances wealth creation and financial inclusion.
Wale Edun, represented by Dr. Doris Uzoka-Anite, minister of State for Finance, highlighted the transformation in the market since 2015 driven by improved governance structure, stronger regulatory environment, and growing investor participation.
Edun said the new Investment and Securities Act (ISA) 2025 modernises the legal and regulatory framework, streamlines enforcement mechanisms, and caters to emerging sectors like digital assets and crowdfunding.
The new law is expected to build on the success of the Capital Market Master Plan (2015-2025), which has played a crucial role in increasing the market’s contribution to the economy as the revised plan prioritises digitisation, innovation, and sustainability, that aligns with the country’s reform agenda.
He stated that the new law will help deepen market participation while creating an enabling environment for businesses to thrive.
Dr. Emomotimi Agama stated that the enactment of ISA 2025 signifies the start of a transformative era.
He stressed the commission’s commitment to ensuring an adequate understanding of the new law, engaging with stakeholders, and driving innovation and compliance.
Agama stated that the commission has set up an implementation team to comprehensively review every provision of the new law, as well as a sensitization team aimed at broadening public understanding of the new law.
He reiterated the commission’s commitment to enhancing transparency and fostering growth in the capital market.
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