Nigeria has unveiled a 10-year capital markets masterplan and a national savings plan aimed at mobilising domestic and foreign investment to support its ambition of building a $1 trillion economy by 2030....
Nigeria has unveiled a 10-year capital markets masterplan and a national savings plan aimed at mobilising domestic and foreign investment to support its ambition of building a $1 trillion economy by 2030.
The Nigeria Capital Market Masterplan 2.0, covering 2026 to 2036, seeks to deepen financial markets, expand investment opportunities and position the country as a regional financial hub.
The plans were launched in Abuja by Vice President Kashim Shettima, alongside the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and other government and development partners.
Developed by the Securities and Exchange Commission (SEC) with technical support from FSD Africa, funded by the UK Government, the masterplan outlines reforms to improve market efficiency, transparency and access to long-term financing.
Under the roadmap, Nigeria aims to increase assets under management in collective investment schemes from $5.6 billion to $56 billion over 10 years.
Annual diaspora investment channelled into the capital market is expected to rise from $4 billion to $10 billion, while the share of institutional investment portfolios allocated to non-sovereign assets is projected to increase from about 40 per cent to 50 per cent.
The plan also targets a fivefold increase in corporate bonds, from 100 to 500, and a rise in cross-border listings from five to 40.
Speaking at the launch, SEC Director-General, Dr Emomotimi Agama, said the masterplan would help develop capital markets capable of financing Nigeria’s economic ambitions.
“Every great economy has, at its heart, a capital market that turns the savings of ordinary people into the factories, roads, homes and businesses that create jobs. Nigeria has the people, the enterprise and the ambition. What we are now building is a market to match them,” Agama said.
He said the simultaneous launch of the National Savings Plan was designed to mobilise domestic resources for national development.
“Savings are the raw material of investment, and a nation that saves through its own capital market builds with its own resources,” he added.
The masterplan proposes reforms to make it easier for businesses and state governments to raise capital, expand participation by retail and diaspora investors, attract foreign institutional investment and promote sustainable finance.
It also seeks to support digital and tokenised assets while directing long-term financing towards infrastructure, energy, climate resilience, small and medium-sized enterprises, financial inclusion and job creation.
The roadmap is organised around five pillars: regulatory clarity and enforcement; modernising market infrastructure; broadening issuers and financial instruments; diversifying the investor base; and strengthening institutional and professional capacity.
Each pillar includes an implementation framework with timelines, designated responsibilities and measurable targets.
Representing the British High Commissioner to Nigeria, Pete Vowles, at the launch, Paul Healey, Head of Green Growth and Private Sector Development at the British High Commission, said the UK-backed initiative would help connect investment with commercial opportunities in Nigerian businesses and infrastructure.
He said the support formed part of the wider UK-Nigeria Strategic Partnership, which prioritises economic growth and job creation.
FSD Africa Chief Executive Officer, Mark Napier, said Nigeria had an opportunity to mobilise more domestic and international capital towards businesses, infrastructure and sustainable development.
The new masterplan builds on an earlier capital market roadmap that recorded an overall activity completion rate of 63 per cent, according to the SEC. Financial inclusion, regional integration, sustainable finance and funding for priority sectors were identified as areas requiring further progress.
The latest framework also seeks to strengthen Nigeria’s position within African financial markets through cross-border fundraising, joint listing frameworks and closer alignment with the African Continental Free Trade Area.
The SEC said the reforms were intended to strengthen capital formation, protect investors and promote fair, efficient and transparent markets in support of national economic development.