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SEC unveiled a 10-year capital market roadmap aiming for a ₦750 trillion market valuation by 2036.
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The National Savings Scheme aims to mobilise household savings into professionally managed funds.
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Operational rules, contribution minimums, management charges, and withdrawal terms remain unannounced.
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Proposed tax incentives involving the Revenue Service and FSD Africa remain subject to formal policy implementation.
October 20, (THEWILL) – At a capital market conference in Abuja, the Securities and Exchange Commission (SEC) unveiled the Nigeria Capital Market Master Plan 2026–2036 (NCMMP 2.0), setting an ambitious target to grow market capitalisation to ₦750 trillion over the next decade.
A core pillar of the masterplan is the newly unveiled National Savings Scheme, designed to channel retail household savings away from idle cash and into regulated, professionally managed investment portfolios.
The SEC Director-General, Emomotimi Agama, stated that the scheme operates with legal backing under the Investments and Securities Act 2025, with assets to be managed by SEC-registered fund managers.
Agama also highlighted a planned Memorandum of Understanding involving the SEC, the Nigeria Revenue Service, and financial sector platform FSD Africa to introduce investor tax incentives aimed at encouraging broader public participation.
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Unresolved Operational Parameters
While the conference marked a formal policy launch, the National Savings Scheme currently represents a strategic framework rather than a fully operational financial product open to public deposits.
Essential consumer-facing details have yet to be published, including digital onboarding channels, account opening procedures, minimum contribution thresholds, management fee schedules, lock-up periods, and capital protection terms.
Furthermore, proposed tax relief measures depend on formal legislative and executive implementation before retail savers can claim specific tax deductions.
Individual investors should review complete operational guidelines, fee structures, and liquidity conditions before treating the scheme as a direct alternative to conventional bank savings accounts.
Joy Onuorah is a business journalist and brand communications specialist covering financial markets, artificial intelligence, digital economy, and the ideas reshaping business across Africa and the global market. Beyond her reporting for TheWill, Joy uses brand strategy, storytelling, copywriting, and high-value SEO to help brands build lasting market authority.
