Nigerian Capital Market Growth Boosts GDP Contribution to 33%

Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), disclosed that the Nigerian capital market has experienced significant growth, reaching N68.8 trillion, which has lifted its contribution to the nation's Gross Domestic Product (GDP) to 33%.

This marks a notable increase of 13 percent. During an address in Lagos at the inauguration of a capital market work group, Agama underscored the sector's expanding role in economic development.

He noted that while the market size is impressive, it is essential to improve market depth and liquidity. The SEC aims to address structural challenges, including high transaction costs and limited trading activity among institutional investors.

The work group, which includes various stakeholders, is expected to develop recommendations to enhance trading efficiency and broaden retail participation, targeting the onboarding of 20 million new investors. The recent enactment of the Investment Securities Act (ISA) 2025 is expected to expand regulatory oversight and create opportunities for digital assets.