The Chartered Institute of Stockbrokers (CIS) has outlined a set of strategic recommendations aimed at fast-tracking the modernization and growth of Nigeria’s capital market. The proposals were presented at the Institute’s 29th Annual Stockbrokers’ Conference in Abuja, where participants stressed that decisive reforms are essential to position the market as a catalyst for national economic transformation.

In a communique signed by CIS President Oluropo Dada and Registrar/CEO Ayorinde Adeonipekun, delegates urged stakeholders to prioritize technology, ethics, and sustainability as core drivers of innovation and long-term market expansion. They recommended strengthening government policies to enhance liquidity, deepen listings, support innovation, and align market growth with Nigeria’s goal of achieving a $1 trillion GDP.

Key proposals include:

• Accelerating the development of a 10-year Capital Market Masterplan focused on digital assets, financial inclusion, sustainable finance, and global competitiveness.
• Full digitization of market infrastructure and adoption of blockchain technologies for real-time T+0 settlements.
• Increased issuance of green bonds and sustainability-linked instruments supported by fiscal incentives.
• Fast-tracking the listing of strategic national enterprises to broaden asset ownership and boost market capitalization.
• Deepening Nigeria’s leadership within AfCFTA through regulatory harmonization and adoption of the Pan-African Payment and Settlement System (PAPSS).
• Expanding nationwide financial literacy initiatives, digital finance training, and cybersecurity awareness to strengthen investor protection and ethical standards.
• Mobilizing long-term capital for infrastructure, MSMEs, and green projects to stimulate inclusive economic growth.

The conference, attended by government officials and top CEOs, concluded with a unified call for urgent action. Delegates emphasized the need to modernize market systems, enhance governance, and scale sustainable finance solutions to unlock the capital market’s full potential.

CIS reaffirmed its commitment to championing these reforms and strengthening the market’s contribution to Nigeria’s long-term economic development.