Nigeria Unveils Capital Market Master Plan Targeting ₦750 Trillion by 2036
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Federal Government and Kashim Shettima unveiled the Nigerian Capital Market Master Plan 2.0. The plan aims to expand Nigeria’s capital market from a baseline of about ₦250 trillion to ₦750 trillion by 2036. The plan, which was developed by the Securities and Exchange Commission, also seeks to list selected state-owned enterprises, including the Nigerian National Petroleum Company Limited and Nigeria LNG Limited, on the Nigerian Exchange.
From vanguardngr.com
Why it matters
The master plan is intended to serve as a platform for mobilizing long-term financing for infrastructure and economic development in Nigeria. Kashim Shettima attributed recent market growth to economic reforms implemented since President Bola Ahmed Tinubu assumed office in May 2023, noting significant increases in the Nigerian Exchange All-Share Index and listed equity values.
The Chartered Institute of Stockbrokers aims to drive capital market development in Nigeria.
From vanguardngr.com
Who's involved
- federal governmentThe central governing authority that unveiled the master plan.
- Kashim ShettimaVice President of Nigeria who unveiled the master plan.
- NigeriaThe sovereign state where the capital market expansion is planned.
- Bola Ahmed TinubuPresident whose administration is credited with recent capital market growth.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NigeriaSpeculative
Nigeria might see increased long-term financing available for infrastructure and economic development.
- Central Bank of NigeriaSpeculative
The Central Bank of Nigeria could see increased liquidity and regulatory scope due to capital market expansion.
Keep exploring
The entities involved
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federal government
highest, central, level of government in a federation
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Kashim Shettima
Nigerian politician (born 1966); Vice President of Nigeria
Related events
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- The Nigerian federal government is targeting climate financing, with Festus Keyamo disclosing the government's plans.
- The African Development Bank approved $200 million for Nigeria's digital infrastructure, supporting national development programs.
- An economic action plan has been introduced to address the cost of living in Lagos.