Despite challenges such as macroeconomic instability, rapid depreciation of the Naira, and fluctuating investor confidence, among others, the Nigerian economy and, by extension, the capital markets have shown resilience.

The Nigeria National Bureau of Statistics reported an increase of over 200% in capital importation at the end of the first quarter of 2024 from the previous quarter, indicating a rise in investor confidence. NGX equity markets was ranked first among African stock markets, with its market capitalization increasing by 38.33% in the first half of 2024, driven by new listings, significant acquisitions, and an increase in share prices.

However, the market still faces risks, most notably capital flight and lethargy, particularly from foreign investors. Stakeholders can leverage innovative capital markets solutions to tap into the pool of domestic capital to support Nigeria’s economic development agenda.

Objectives

The objectives of the roundtable are as follows:

• Deliberate on innovative capital markets solutions that can be deployed in Nigeria to support the country to navigate current macroeconomic conditions.
• Catalyse the deployment of local institutional capital into real and social sectors to support long-term economic growth in Nigeria.
• Foster Collaboration: Build partnerships between the public and private sectors to support the development and growth of innovative financing opportunities in Nigeria.