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Shareholders under aegis of the Independent Shareholders Association of Nigeria (ISAN) has called for stronger ethical governance and transparency in both public and private institutions as critical enablers of Nigeria’s ambition to build a $1 trillion economy by 2030.
ISAN National Coordinator, Moses Igbrude gave this charge on during the association’s 8th Triennial Delegates Conference held in Lagos. He stressed that shareholders must go beyond seeking dividends to promoting accountability and sustainable corporate practices that drive inclusive growth.
According to him, “This conference provides a platform for us to engage in meaningful discussions, share knowledge, and shape policies that will drive our nation’s economic growth. As shareholders, our duty extends beyond dividends; we must contribute to building a more stable, prosperous economy.”
The conference, themed “Nigeria: Towards a $1 Trillion Economy by 2030,” brought together policymakers, regulators, investors, and industry leaders to deliberate on the structural and policy reforms needed to transform the nation’s economy. Discussions focused on financial inclusion, corporate governance, insurance reform, and cybersecurity resilience as key pillars for long-term growth.
Igbrude reaffirmed ISAN’s commitment to promoting responsible investing and protecting the interests of shareholders. “Let us seize this opportunity to work together towards a brighter economic future for Nigeria. Our collective action today will determine the prosperity of tomorrow,” he said.
Delivering a paper on “The Strategic Role of Insurance in National Development,” Director of Inspectorate at the National Insurance Commission (NAICOM), Ajibola Bankole, said the insurance sector remained a critical driver of economic stability and investor confidence. He stressed that insurance provides “the confidence to invest, to innovate, to create, and to build for the future,” adding that Nigeria’s insurance penetration, which remains below one percent of GDP, shows the need for urgent industry reforms.
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Bankole identified the Nigerian Insurance Industry Reform Act (NIIRA) 2025 as a landmark policy designed to strengthen corporate governance, enhance capital adequacy, and protect consumers. “The NIIRA 2025 introduces far-reaching provisions designed to create a transparent, competitive, and investment-friendly insurance market. These reforms are not just about compliance, they are about confidence, stability, and long-term value creation,” he said.
He further called for stronger collaboration among insurers, shareholders, and policymakers to unlock opportunities in key sectors such as health, agriculture, and infrastructure, noting that a vibrant insurance market can serve as a major catalyst for economic inclusion and resilience.
Also speaking, cybersecurity expert, Dr. Martin Ikpehai, cautioned that Nigeria’s trillion-dollar economic ambition could be jeopardised if urgent steps are not taken to secure the nation’s digital and financial systems.
Ikpehai while presenting a paper on “Securing and Protecting the $1 Trillion Economy Against Cyber Terrorism by 2030,” noted that cybersecurity investment should be viewed as an enabler of economic growth rather than a cost.
He urged the government to establish national cybersecurity standards, strengthen incident response systems, and encourage public–private partnerships to counter emerging digital threats. He also recommended investment in cyber education and the protection of emerging technologies such as artificial intelligence, Internet of Things, and 5G infrastructure.
