Nigeria’s capital market is at a crossroads, with lawmakers pushing for reforms to restore public confidence and attract more investors. During a recent Senate session, legislators raised concerns about the declining participation in the Nigerian Stock Exchange (NSE), emphasizing the need for urgent interventions.
Senator Osita Izunaso, Chairman of the Senate Committee on Capital Market, called for increased government involvement, stressing that poor financial literacy and past cases of investor losses have deterred many Nigerians from investing in stocks and securities.
Senator Victor Umeh highlighted the negative impact of previous market crashes, which left many investors bankrupt. He stressed that a robust regulatory framework and investor protection measures are crucial to reviving the market’s credibility.
Supporting the motion, Senator Sani Musa proposed a government-backed public awareness campaign to educate citizens on investment opportunities and risk management strategies.
In response, Minister of Finance Wale Edun reassured lawmakers that the Tinubu administration is prioritizing economic stability to attract both local and foreign investments. He noted that policy adjustments and economic reforms are underway to create a more attractive investment climate.
With Nigeria striving for a stronger capital market, the Senate’s renewed focus on transparency, investor protection, and literacy could mark the beginning of a financial sector transformation.
