Stockbrokers Map Out Strategy to Drive Nigeria Towards $1trn Economy

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 In response to Nigeria’s challenging economic environment, the Chartered Institute of Stockbrokers (CIS) has outlined plans to leverage its members’ financial expertise to help the federal government achieve its ambitious goal of growing the economy to $1 trillion. The Institute intends to focus on innovative solutions that will expand the capital market and drive sustainable economic growth.

These discussions will take center stage at the CIS’s 28th Annual Stockbrokers Conference, scheduled for November 7th and 8th, 2024, in Ibadan. Under the theme, “Capital Market as a Catalyst for the $1 Trillion Economy,” the event will explore the pivotal role the capital market can play in Nigeria’s journey towards becoming a trillion-dollar economy.

The conference will gather policymakers, financial leaders, and industry experts to analyze Nigeria’s current economic landscape, strategize on boosting capital market contributions, and foster collaborative efforts among stakeholders. According to Dr. Josiah Akerewusi, the Institute’s registrar and CEO, Nigeria’s capital market has the potential to generate up to half of the envisioned $1 trillion economy, positioning it as a critical driver of growth under President Bola Tinubu’s administration.

As the nation continues its push towards diversification and broader economic reforms, the capital market is expected to serve as a key pillar in transforming Nigeria’s economic future.

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