The Securities and Exchange Commission (SEC) says the renewed Capital Market Master Plan will be aligned with Nigeria’s National Development Plan to support the country’s push toward a $1 trillion economy.
SEC Director-General, Dr. Emomotimi Agama, stated this at the Capital Market Committee meeting in Lagos, explaining that the revised plan will guide market development from 2026 to 2030, with an option to extend to 2035. He said the new approach avoids drafting fresh master plans and will instead update existing frameworks to reflect current economic realities.
Agama said the objective is to position the capital market as a central driver of national development, adding that national progress is impossible without active market involvement. He stressed that stakeholders must focus on practical interventions across ports, roads, rail, health and education infrastructure to achieve impactful results.
He acknowledged support from FSD Africa and the Nigerian Capital Development Fund, which are providing consultancy for the review, alongside upcoming sensitisation sessions to ensure realistic implementation.
Agama said an external steering committee will oversee strategy and accountability, while working groups will cover commodities, digital economy, liquidity, listings and sustainability. He urged stakeholders to volunteer, describing participation as a national service, and warned that continued membership will depend on performance.
He said the goal is to build a living document that evolves with market realities and accelerates capital market transformation.
