Senator Osita Izunaso has called for the continuous review of Nigeria’s capital market laws to ensure they remain responsive to emerging economic realities, technological innovation, and global investment trends. He said modernising the country’s regulatory framework is essential for attracting investment, strengthening market confidence, and supporting long-term economic growth.
Speaking on the importance of legislative reforms, Izunaso noted that the capital market is a critical driver of national development, providing businesses with access to long-term financing while creating wealth-building opportunities for investors. He stressed that outdated laws could limit market efficiency and reduce Nigeria’s competitiveness in the global financial system.
The senator explained that regular updates to capital market legislation would improve investor protection, enhance transparency, encourage innovation, and create a more resilient financial ecosystem. He also emphasised the need for regulations that can accommodate emerging financial technologies and evolving investment products.
According to him, a dynamic legal framework would help strengthen corporate governance, improve market integrity, and increase domestic and foreign investor confidence. He added that effective regulation is vital for sustaining economic expansion and supporting private sector development.
Financial experts have also advocated periodic reforms to Nigeria’s capital market laws, noting that evolving market conditions require regulatory systems that promote efficiency, accountability, and sustainable investment. They believe stronger legal and institutional frameworks will encourage greater participation in the capital market and deepen financial inclusion.
Stakeholders maintain that collaboration between lawmakers, regulators, financial institutions, and market operators will be essential to developing policies that support innovation while maintaining market stability and investor confidence.
