FG Unveils 10-Year Capital Market Plan to Hit N750trn by 2036

FG Unveils 10-Year Capital Market Plan to Hit N750trn by 2036

The Federal Government has actually released a brand-new 10-year roadmap to grow Nigeria’s capital market capitalisation from about N250 trillion to N750 trillion by 2036.

The Nigerian Capital Market Master Plan 2.0 was revealed by Vice President Kashim Shettima at the National Capital Market Conference 2026 in Abuja on Monday, October 19, 2026.

Shettima explained the capital market as an essential pillar of nationwide financial policy and an important channel for funding advancement, worrying the requirement to lower dependence on bank loans and external loaning while reinforcing domestic capital development.

He associated current market development to reforms under President Bola Tinubu, consisting of fuel aid elimination, forex marriage, tax reforms and banking sector recapitalisation.

According to the Vice President, the NGX All-Share Index increased from about 55,000 points in May 2023 to over 260,000 points, while noted equities worth increased from N30 trillion to almost N160 trillion. The combined equities and bond markets now go beyond N217 trillion.

The roadmap intends to deepen bond funding for state federal governments and broaden capital raising for services in farming, strong minerals and other efficient sectors. Shettima stated the federal government would deal with guvs to promote well-structured bonds, trustworthy tasks and higher openness, with the Investments and Securities Act 2025 supplying legal support.

He alerted that policy turnarounds might wear down financier self-confidence and weaken current gains.

On his part, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, proposed a more enthusiastic $1 trillion market size by 2036, beyond the SEC’s N750 trillion target, to support Nigeria’s aspiration of ending up being a $1 trillion economy by 2030.

Oyedele stated the strategy targets raising equity market capitalisation from 33% of GDP to a minimum of 60%, increasing noted business from 146 to 250, growing retail financiers from 6 million to 20 million, broadening business bond issuance to more than 3 times its existing share of GDP, raising Sukuk penetration from 0.3% to a minimum of 5% of GDP, and increasing pension properties from 6% to 16%.

He stated attaining this would need collaborated policy, modern-day facilities, more powerful organizations and brand-new items, with rewards to motivate personal business to list willingly.

SEC Director-General, Emomotimi Agama, stated the master strategy will support a National Savings Scheme to motivate cost savings and financial investment amongst traders, farmers, young graduates and other groups, with funds handled by SEC-registered supervisors. He stated the plan has legal support under the ISA 2025 and will be supported by a memorandum including SEC, Nigeria Revenue Service and FSD Africa for proposed tax rewards.

Agama included that every dedication in the strategy will have an owner, timeline and scorecard, with public reporting.

Senate Committee on Capital Market Chairman, Osita Izunaso, required the listing of NNPC Limited and significant telecom companies and faster guideline of digital possessions and tokenisation.

Nairametrics had actually previously reported Agama’s caution that an absence of trustworthy companies might pump up possession rates without deepening the marketplace.

The federal government stated the success of the roadmap will depend not simply on increasing appraisals however on more comprehensive involvement, trustworthy providers, enhanced disclosures and funding of efficient activities.