The Chartered Institute of Stockbrokers (CIS) has called on the Federal Government to initiate urgent economic reforms that will strengthen Nigeria’s capital market as a central driver of the nation’s $1 trillion economy target.

In a statement issued after a one-day workshop held at the State House Conference Centre, Abuja, themed “Capital Formation in Nigeria: Empowering Industry, Institutions, and Markets to Drive a $1tn Economy”, CIS emphasized the need for deliberate and coordinated efforts to deepen capital formation across all sectors.

The statement, jointly signed by CIS President and Council Chairman, Oluropo Dada, and Registrar/Chief Executive, Ayorinde Adeonipekun, noted that the Federal Government must lead strategic coordination among market operators to harmonize fiscal, trade, and monetary policies that can boost investor confidence and attract long-term capital.

It highlighted that foreign direct investment inflows remain unstable due to currency risks, regulatory inconsistencies, and infrastructure challenges, while domestic capital mobilisation through pensions, insurance, and retail investors has not been fully harnessed for industrial growth.

CIS stressed that integrating Nigeria’s informal sector into the formal economy could unlock significant domestic capital and broaden the tax base. The body also proposed structured financial instruments to tap diaspora remittances, alongside a national savings strategy to channel local funds into productive sectors, particularly infrastructure, through public-private partnerships.

Furthermore, the Institute urged regulators to leverage the forthcoming Investment and Securities Act (ISA) 2025 to strengthen governance, improve disclosures, and enhance dispute resolution. Market operators were also encouraged to diversify financial products that can attract millennials, Gen Z, and Gen Alpha, including real estate investment trusts, venture capital, and long-term infrastructure funds.