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By Chinwendu Obienyi
The Chartered Institute of Stockbrokers (CIS) has called on the Federal Government to urgently develop a national savings strategy aimed at mobilising domestic capital to finance industrial growth and support Nigeria’s aspiration to build a $1 trillion economy.
This call was made in a communique issued after a high-level policy workshop hosted at the State House Conference Centre, Aso Rock Villa, Abuja, with the theme: “Capital Formation in Nigeria: Empowering Industry, Institutions, and Markets to Drive a $1 Trillion Economy.”
The one-day workshop brought together key policymakers, market regulators, financial experts, and private sector stakeholders to assess the country’s capital formation landscape and identify reforms to unlock long-term investment.
The communique, jointly signed by CIS President and Chairman of Council, Oluropo Dada, and Registrar/Chief Executive, Ayorinde Adeonipekun, stressed that while the $1 trillion economic ambition is attainable, it requires deliberate and coordinated reforms to deepen capital mobilisation across all sectors.
“Nigeria is in dire need of a national savings strategy to mobilise local capital and channel it into productive sectors, particularly manufacturing and technology,” the Institute said.
The Institute identified key structural bottlenecks including weak institutions, inconsistent policy frameworks, and underdeveloped financial markets that continue to hinder efficient capital mobilisation.
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It also noted that although Foreign Direct Investment (FDI) remains an important source of capital, inflows are volatile and constrained by regulatory uncertainty, infrastructure deficits, and currency risk. In contrast, domestic sources of capital; pensions, insurance, retail investors, and diaspora remittances, remain significantly under-utilised.
According to the CIS,a vibrant capital market is essential to support industrialisation, infrastructure development, and inclusive economic growth.
“Integrating Nigeria’s informal sector into the formal economy could unlock significant domestic capital while expanding the tax base and the economy is overly dependent on debt financing, with limited availability of venture capital and private equity to support innovation for startups and other critical sectors. Strong investor appetite is evident in frequent over subscription of government bonds.
The Federal Government should ensure effective co-ordination of market stakeholders to enhance implementation of fiscal, trade, and monetary policies to boost investor confidence and attract long-term capital. There is a compelling need to sustain transparent policies for a unified FX system that improves liquidity and enhances the ability of foreign investors to repatriate capital seamlessly”, CIS said.
The CIS also urged capital market regulators to leverage ISA 2025 to build trust through stricter enforcement of corporate governance, enhanced disclosures, and efficient dispute resolution mechanisms.
“The need to encourage pension and insurance firms to invest more in long-term instruments such as infrastructure funds and equity markets through appropriate risk frameworks. Market operators should innovate and scale up diverse financial products to attract different categories of investors, including millennials, Gen Z, Gen Alpha and the likes. Innovative products in Real Estate Investment Trusts (REITs), venture capital
The Chartered Institute of Stockbrokers (CIS) was praised as a hub of thought leadership, where members actively advocate for sound economic policies and drive the development of the capital market. However, securities dealers were urged to maintain the highest ethical standards and place investor confidence at the forefront of their professional conduct”, the communique said.
