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Nigeria unveils Capital Market Master Plan 2.0 to reach $1 trillion
The Nigerian government has launched the Nigeria Capital Market Master Plan 2.0 (2026–2036) and a National Savings Strategy to deepen financial markets and support the nation's goal of building a $1 trillion economy by 2030.
Unveiled by Vice-President Kashim Shettima and Finance Minister Taiwo Oyedele, the roadmap aims to expand the capital market from approximately ₦250 trillion to ₦750 trillion by 2036. The Securities and Exchange Commission (SEC) also targets a market value exceeding $1 trillion. Key objectives include increasing retail investors from 6 million to 20 million, raising the number of listed companies from 146 to 250, and increasing equity market capitalization from 33 percent to 60 percent of GDP.
To achieve these goals, the government plans to increase collective investment scheme assets from $5.6 billion to $56 billion and raise annual diaspora investment from $4 billion to $10 billion. The plan also seeks to expand corporate bond issuance fivefold and increase cross-border listings from 5 to 40. Additionally, the government is engaging with MSCI to transition Nigeria from Frontier Market status to an Emerging Markets classification.
Entities
Kashim Shettima · MSCI · Nigeria · Nigerian Exchange · Securities and Exchange Commission · Securities and Exchange Commission Nigeria · Taiwo Oyedele
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The National Savings Scheme was launched to expand financial inclusion and encourage investment. promptnewsonline.com · gatmash.com · www.environewsnigeria.com
- [● 5 SOURCES] The SEC targets growing the market from N250 trillion to N750 trillion by 2036. businessday.ng · gatmash.com · www.iroyinyorubatv.com.ng · nairametrics.com
- [○ 1 SOURCE] The plan targets increasing retail investors from 6 million to 20 million by 2036. punchng.com
- [● 4 SOURCES] The government aims to expand the capital market to at least $1 trillion by 2036. promptnewsonline.com · punchng.com · gatmash.com · www.iroyinyorubatv.com.ng
- [● 6 SOURCES] Minister of Finance Taiwo Oyedele unveiled the Nigeria Capital Market Master Plan 2.0. promptnewsonline.com · businessday.ng · punchng.com · gatmash.com · www.iroyinyorubatv.com.ng · +1 more
- [○ 1 SOURCE] The number of listed companies is expected to rise from 146 to 250 by 2036. punchng.com
- [○ 1 SOURCE] The Nigerian Exchange All-Share Index rose from approximately 55,000 points in May 2023 to over 260,000 points by January 2026. businessday.ng
- [○ 1 SOURCE] The government intends to increase equity market capitalization from 33 percent to 60 percent of GDP. punchng.com
- [○ 1 SOURCE] Nigeria is targeting inclusion in MSCI’s Emerging Markets classification. nairametrics.com