The Senate has proposed an N10bn fund for investor education in the capital market as part of the 2025 budget.
The Chairman of the Senate Committee on Capital Market, Osita Izunaso, disclosed this during the budget defence session of the Securities and Exchange Commission in Abuja on Tuesday.
Izunaso stressed the need for increased investor participation in the market, noting that inadequate awareness remains a key challenge.
He also urged the Federal Government to leverage the capital market in achieving President Bola Tinubu’s vision of a $1tn economy.
“The capital market is performing well, but we need to do more to attract investors. Currently, participation is low, and the number of listed companies is far below the potential of our economy.
“I believe a special fund is required to boost financial literacy in the capital market. This will help drive investor education and expand market participation. We will formally request the inclusion of N10bn for this purpose in the 2025 budget,” Izunaso stated.
