CIS To FG: Capital Formation Key To $1tn Goal

The Federal Government of Nigeria has been called upon on the need to quickly implement economic reforms to reposition Nigeria’s capital market , saying that this is a key driver for achieving the country’s $1 tn economic target.
The Chartered Institute of Stockbrokers (CIS) made the call through a statement jointly signed by its President and Chairman of the Council, Oluropo Dada, and Registrar and Chief Executive, Ayorinde Adeonipekun respectively and made available to newsmen on Monday, 25 August, 2025.
The CIS made the call during a one-day workshop held at the State House Conference Centre, Aso Rock, Abuja, themed ‘Capital Formation in Nigeria: Empowering Industry, Institutions, and Markets to Drive a $1 tn Economy’.
The Institute, which urged deliberate and coordinated actions to deepen capital formation across all sectors, said the Federal Government, must lead strategic coordination among market players to harmonise fiscal, trade, and monetary policies to boost investor confidence and attract long-term capital.
In the communiqué issued at the end of the workshop, the CIS noted that foreign direct investment inflows remain volatile due to currency risks, regulatory unpredictability, and infrastructure gaps, while domestic capital mobilisation through pensions, insurance and retail investor’s remains underutilized for industrial financing.
While emphasizing that integrating Nigeria’s informal sector into the formal economy could unlock significant domestic capital and expand the tax base, the Institute also hammered on the need for well-structured financial instruments targeting diaspora savings and remittances, a national savings strategy to channel local savings into productive sectors, and prioritisation of infrastructure development through public-private partnerships.
It also appealed to capital market regulators to leverage the upcoming ISA 2025 to strengthen corporate governance, enhance disclosures, and improve dispute resolution mechanisms. The CIS told market operators to innovate and scale diverse financial products to attract different investor groups, including millennials, Gen Z, and Gen Alpha, through instruments such as real estate investment trusts, venture capital, and long-term infrastructure funds.