The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday highlighted the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a $1 trillion economy.
Speaking at the Capital Market Committee (CMC) meeting, Edun, represented by Minister of State for Finance, Doris Uzoka-Anite, highlighted the market’s transformation since 2015, with improvements in governance structures, new products and platforms, stronger regulatory environment and growing investor participation.
According to the minister, the implementation of the Capital Market Master Plan (2015-2025) has been instrumental in increasing the market’s contribution to the national economy, developing a sophisticated market structure, and improving competitiveness.
Edun said the revised plan prioritises digitalisation, innovation, sustainability, inclusion and capital formation, aligning with the broader economic reform agenda.
He said the passage of the new Act modernises the legal and regulatory framework, streamlines enforcement mechanisms, and provides clarity on emerging areas such as digital assets and crowdfunding.
On the challenges and opportunities inherent in the Act, the minister said it will help deepen market participation, as well as ensure that regulatory coordination remains tight.
