Shettima: Capital market has a role to play for us to achieve $1trn economy

Vice-President Kashim Shettima says the Nigerian capital market has a crucial role to play in Nigeria achieving a $1 trillion economy.

Shettima spoke on Tuesday while receiving executive members of the Association of Capital Market Academics of Nigeria (ACMAN), led by Uche Uwaleke, the group’s president, on a courtesy visit to the presidential villa.

In October 2023, President Bola Tinubu told the business community at the Nigerian Economic Summit (NES) that the country’s economy could grow to $1 trillion by 2026.

The president also said a $3 trillion Nigerian economy is achievable within 10 years.

Speaking about the target, Shettima said the goal is achievable due to the intellect and experience of the capital market.

“We are now in a knowledge-driven age; without the skill set, we cannot make much progress,” Shettima said.

“The capital market has a very prominent role to play in pushing us to the one trillion-dollar economy.

“With your intellect, experience, and the quality of your membership that counts—not in numbers—we can achieve our objective.”

The vice-president also said the contributions of capital market experts are significant to the ongoing efforts to transform the nation’s economy.

Also, Shettima was conferred with the Fellowship of Capital Market Academics, the highest membership status of the association.