President Bola Tinubu
Nigeria’s ambitious goal of becoming a $1 trillion economy by 2030 is now closer than ever, thanks to the newly signed Investment and Securities Bill 2025. On Wednesday, the Senate Committee on Capital Market confirmed that the groundbreaking Act will serve as a catalyst to propel Nigeria toward achieving this monumental economic milestone under President Bola Tinubu’s leadership.
In an interview with journalists in Abuja, Senator Osita Izunaso, Chairman of the Senate Committee and sponsor of the original bill, assured that the passage of the Act is a game-changer for Nigeria’s financial landscape. He stated that with the new law in place, state and local governments can now tap into the capital market for long-term financing, freeing them from relying solely on federal allocations and commercial loans.
“This is a significant step toward realizing President Tinubu’s vision of a $1 trillion economy,” Izunaso declared. “With this law, Nigeria’s capital market is now set for growth, enabling states and local governments to access long-term funding for infrastructure and development projects.”
He also highlighted that the Act would end the illegal operations of Ponzi schemes and curb market manipulation, ensuring a more transparent and regulated financial environment. Currently, only the Lagos Island Local Government Area has accessed the capital market for funding, but with this law, the door is open for other regions to follow suit.
Izunaso further expressed optimism that the new law would significantly boost Nigeria’s digital assets sector, including cryptocurrencies. With Nigeria already ranking as one of the top global players in cryptocurrency transactions, the new Act paves the way for better regulation and enhanced investor confidence.
“For the first time, digital assets and cryptocurrencies are now officially recognized as securities in Nigeria,” Izunaso explained. “This means that trading in virtual assets and cryptocurrencies will now be regulated by the Securities and Exchange Commission (SEC), ensuring transparency and international compliance.”
The Act aims to position Nigeria as a major player in global financial markets by enhancing investor confidence and creating a more robust and regulated capital market. This move comes as Nigeria takes strides to modernize its financial ecosystem, preparing for a future where digital assets are part of mainstream financial transactions.
With these changes in place, the Tinubu administration is poised to accelerate Nigeria’s economic growth, fostering an environment of innovation and long-term development. The $1 trillion economy goal is now within reach, with the capital market playing a crucial role in shaping the country’s economic future.
About The Author
