Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital Market
The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the transformation of Nigeria’s capital market. Speaking at the Institute’s 29th Annual Stockbrokers’ Conference, stakeholders emphasized that decisive reforms are essential to position the market as a key driver of national economic growth.
In a communique signed by CIS President Oluropo Dada and Registrar Ayorinde Adeonipekun, delegates urged stakeholders to prioritise technology, ethics, and sustainability. They highlighted the need to strengthen government policies that enhance liquidity, deepen listings, and support innovation, aligning with Nigeria’s ambition to achieve a $1 trillion GDP.
Key recommendations included the development of a new 10-year Capital Market Masterplan focused on digital assets, financial inclusion, and sustainable finance. The CIS also advocated for full digitization of market infrastructure, adoption of blockchain technologies for real-time settlement, increased issuance of green bonds, and fast-tracking listings of strategic national enterprises to broaden asset ownership.
Delegates further stressed the importance of deepening Nigeria’s leadership in the African Continental Free Trade Area (AfCFTA) through regulatory harmonization and adoption of the Pan-African Payment and Settlement System (PAPSS). They called for nationwide financial literacy programs, digital finance training, enhanced investor protection, and stronger regulatory oversight to reinforce transparency, ethics, and accountability.
The conference, attended by government officials and top CEOs across multiple sectors, concluded with a unified call for urgent action. The CIS reaffirmed its commitment to driving these reforms, emphasizing that technology, ethical standards, and sustainability are crucial to unlocking the capital market’s full potential and driving inclusive, long-term economic growth in Nigeria.
source: vanguard