Nigeria's Capital Market GDP Contribution Hits 33%

Nigeria's capital market has seen a significant rise in its contribution to the Gross Domestic Product (GDP), now standing at 33% with a total market capitalization of over N123.93 trillion, marking a 125% increase since April 2024. Dr. Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), disclosed these figures during the inauguration of the Capital Market Work Group on February 22.

He highlighted the market's expanding influence on the nation's economic performance and described the growth as historic. However, Agama cautioned that sustaining this momentum will require deeper liquidity and improved trading efficiency to ensure long-term stability and investor confidence.

He noted that despite the impressive growth figures, structural challenges persist within the market. Agama reiterated the importance of the capital market as a reliable barometer of economic health and emphasized the need for reforms to enhance liquidity and price discovery.

The recent enactment of the Investment Securities Act (ISA) 2025 aims to expand regulatory oversight and create opportunities for innovative investment products.