The Chartered Institute of Stockbrokers (CIS) is urging the Nigerian government to forge a stronger public-private partnership to realise its goal of a $1 trillion economy.
In a recent communique, the Institute stated that while the target is achievable, it will require a deliberate and coordinated effort to expand capital formation across all sectors.
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The CIS, through its President, Oluropo Dada, emphasised that collaboration between the public and private sectors is crucial and must be institutionalised.
The group stressed the need for urgent reforms to not only unlock domestic capital but also to attract and sustain foreign investment.
They reiterated that a strong, transparent, and inclusive market is essential for achieving Nigeria’s economic aspirations.
According to the communique, Nigeria needs a robust national savings strategy to mobilise local funds and channel them into productive sectors like manufacturing and technology.
The Institute also recommended streamlining regulatory approvals to foster innovation and prevent delays in capital flows.
The CIS advised the Federal Government to ensure better coordination among market stakeholders to effectively implement fiscal, trade, and monetary policies.
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This, they believe, will boost investor confidence and attract long-term capital necessary for job creation and national wealth.
The Institute encouraged stakeholders to take advantage of the current positive momentum in the Nigerian capital market to contribute to the country’s economic growth.
