Nigeria launches 10-year capital-market masterplan

Nigeria has launched a 10-year capital-market masterplan and a National Savings Scheme, setting out reforms intended to expand long-term financing and draw more people and businesses into regulated investment. The Capital Market Masterplan 2.0 covers 2026 to 2036 and was unveiled in Abuja by Vice President Kashim Shettima and Finance Minister Taiwo Oyedele, with the Securities and Exchange Commission (SEC) responsible for developing the roadmap. The plan aims to broaden the range of businesses able to raise money through the market, increase retail and diaspora participation, attract institutional investors and direct more domestic and international capital toward infrastructure and other priority sectors. Small and medium-sized enterprises are among those it seeks to help access longer-term funding beyond conventional financing channels. The National Savings Scheme was launched alongside the masterplan to encourage domestic savings and investment in regulated financial products. Finance Minister Taiwo Oyedele said the government would use incentives to encourage private businesses to list, rather than compel them. He also identified potential listings of the Nigerian National...