Stockbrokers Advocate Urgent Reforms to Grow Nigeria’s $1trn Economy

Stockbrokers from the Chartered Institute of Stockbrokers (CIS) are advocating for urgent economic reforms to boost Nigeria's capital market and drive the country towards its $1 trillion economy target. During a workshop at the State House Conference Centre in Abuja, key stakeholders highlighted the need for coordinated action to deepen capital formation across sectors.

The workshop emphasized the progress made by the Federal Government but also identified critical challenges such as weak institutions, inconsistent policies, and underdeveloped financial markets. The CIS called for strategic coordination among market stakeholders, harmonization of fiscal and monetary policies, and efforts to boost investor confidence to attract capital inflows.

The integration of the informal sector into the formal economy and leveraging diaspora savings and remittances were also identified as key strategies to unlock domestic capital and support economic growth. The workshop concluded that a vibrant capital market is essential for industrialization, infrastructure development, and inclusive economic growth in Nigeria.