Presidency and SEC Launch Plan to Mobilise Domestic Savings for $1tn Economy

Commission (SEC) announced a package of initiatives designed to deepen Nigeria's capital market and mobilise domestic savings. Central pieces are a National Savings Scheme offering tax incentives and the planned endorsement of the Nigerian Capital Market Master Plan 2.0. These measures will be featured at a Capital Market Conversation on October 19, 2026, at the State House in Abuja.

National Savings Scheme: SEC Director‑General Emomotimi Agama says the scheme is an inclusion tool that lets Nigerians save with the explicit purpose of having those savings invested for the future. The scheme will incorporate tax reliefs for citizens below specified income thresholds with the aim of leaving more disposable income with low‑income earners and increasing their capacity to save and invest.

Capital Market Master Plan 2.0: The Vice‑President is expected to formally endorse this document at the October 19 event. The Master Plan is described as a 10‑year strategic framework with measurable indicators to guide development of the market.

Why the government is pushing this now

Officials connect the push to broader economic objectives. The Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Abubakar Zauro, framed a deeper capital market as a mechanism to mobilise capital, widen investment opportunities, and strengthen financial inclusion. He said the government wants ordinary Nigerians to be able to access financial and economic opportunities and to participate in investment even with small amounts of money.

What the October 19 conversation will cover

The event is designed to bring together local and international investors, capital market operators, listed companies, market infrastructure institutions, policymakers and other stakeholders. Planned focus areas include:

• Savings mobilisation: channeling household savings into marketable investment products.
• Digital financial services: using technology to reach the "last mile."
• Product development: creating offerings that appeal to lower‑income and retail investors.

Officials say the initiatives align with the Renewed Hope Agenda and President Bola Tinubu's $1 trillion economic target. Zauro emphasized an open‑door approach to policymaking, inviting stakeholder input to shape reforms. Agama linked the National Savings Scheme to wider fiscal reforms and said tax incentives are a deliberate way to increase households' disposable income and their ability to invest.

• The details of the National Savings Scheme: eligibility, tax thresholds, and the investment vehicles that will be used to deploy collected savings.
• The full contents and performance metrics of the Capital Market Master Plan 2.0 once endorsed.
• Outcomes of the October 19 Capital Market Conversation: any concrete policy changes, pilot programmes or stakeholder commitments.

The Presidency and the SEC are aiming to expand the retail investor base and channel domestic savings into the capital market through a tax‑incentivised savings scheme and a formal 10‑year market plan. The October 19 conversation will be the immediate forum for stakeholder review and the formal presentation of those plans.