Nigeria's SEC and Presidency Launch Savings Initiative for Growth
The Presidency and the Securities and Exchange Commission (SEC) have launched initiatives aimed at strengthening Nigeria’s capital market and mobilizing domestic savings to support President Bola Tinubu's $1 trillion economic growth target. Vice President Kashim Shettima is set to endorse the Nigerian Capital Market Master Plan 2.0, a 10-year strategic framework, during the Capital Market Conversation on October 19, 2026, at the State House in Abuja.
The SEC will introduce a National Savings Scheme with tax incentives to encourage savings and investment among Nigerians. Dr. Nurudeen Abubakar Zauro, Technical Adviser to the President on Economic and Financial Inclusion, emphasized the importance of a deeper capital market for capital mobilization and financial inclusion.
The event will gather various stakeholders, including investors and policymakers, to discuss sector developments and growth measures. SEC Director-General Dr. Emomotimi Agama described the National Savings Scheme as an inclusion tool for Nigerians to save and invest for the future.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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