Nigeria’s securities exchange urges founders to list on local bourse
- The SEC urges local founders to raise capital from trusted sources and utilize debt instruments for growth.
- Vice President Kashim Shettima announced the Nigerian Capital Market Master Plan 2.0, targeting ₦750 trillion in market capitalization by 2036.
- The market has grown from ₦55 trillion in 2024 to over ₦162 trillion.
The SEC's push for local capital sourcing is a strategic move to strengthen Nigeria's financial ecosystem. However, the slow licensing process for crypto platforms raises concerns about regulatory efficiency and could hinder innovation in the digital asset space. Founders must balance ambition with regulatory compliance to avoid potential pitfalls.
