LEFT TO RIGHT: Head Finance and Account Securities and Exchange Commission Mr. Abubakar Gaya, Director General SEC Dr. Emomotimi Agama and Minister of Finance and Cordinating Minister of the Economy Mr. Wale Edun during the Budget defence by the SEC in Abuja, Tuesday.
In a decisive move to enhance investor participation and market literacy, the Senate has proposed a N10 billion special fund for investor education in the capital market as part of the 2025 budget. This initiative is expected to deepen awareness, encourage more Nigerians to invest, and bolster the country’s economic trajectory toward a $1 trillion economy.
During the Securities and Exchange Commission’s (SEC) budget defense session in Abuja, the Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, underscored the urgency of bridging Nigeria’s investment knowledge gap. Addressing the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, Izunaso emphasized that the capital market remains a critical vehicle for national economic growth but needs a wider investor base to reach its full potential.
“The capital market is performing well, but participation remains low. Compared to the number of companies operating in Nigeria, very few are listed on the stock exchange. This imbalance must change,” Izunaso asserted. He highlighted the need for dedicated funding to drive financial literacy, ensuring that more Nigerians understand and engage with the capital market.
To address this gap, the Senate plans to allocate N10 billion specifically for investor education, aiming to empower potential investors with the knowledge needed to navigate the capital market confidently. “This initiative will not only expand participation but also enhance trust and stability in the market,” Izunaso added.
Reflecting on the importance of a strong capital market, Mr. Wale Edun acknowledged that Nigeria’s economic landscape is becoming increasingly conducive to investment, thanks to the government’s proactive economic reforms. He noted that the stock market had begun the year on a positive note, demonstrating investor confidence and market resilience.
“The government has an essential role in encouraging savings and investment through the stock market,” Edun stated. “Pension accounts and monthly salary contributions already provide a pool of funds that can be channeled into productive investments. Strengthening investor education will ensure that more Nigerians understand these opportunities and leverage them for wealth creation.”
Izunaso also highlighted the legislative strides made to fortify the capital market, including the recent repeal of the Investment and Securities Act (ISA), which now awaits presidential assent. “This legislative action underscores our commitment to positioning the capital market as a key driver of economic growth,” he affirmed.
As Nigeria charts its path to a trillion-dollar economy, the Senate’s move to establish a dedicated investor education fund marks a pivotal step in fostering financial inclusion, market expansion, and long-term economic sustainability. The proposed fund, if approved, will serve as a catalyst for deepening market penetration, increasing investor confidence, and ultimately strengthening Nigeria’s economic backbone.
Stay informed Stay ahead with The Ameh News
Discover more from Ameh News
Subscribe to get the latest posts sent to your email.
