The federal government is to review the Capital Market Master plan in order to align the assumptions and projections with current realities.
Inaugurating the National Savings Strategy workgroup in Abuja, Friday, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said the Capital Market Master Plan proposed by the NSS is one of the key initiatives to drive capital formation and investment necessary to support entrepreneurs and enterprise development in the urgent task of diversifying the economy and deepening of the market.
The minister observed that to lift the equities market, galvanise new start-ups and expand existing projects, there should be a deliberate provision of naira-based risk capital. It is also to advise on ways and means of mobilising and channelling corporate and individual savings to accelerate domestic capital formation to support entrepreneurs and enterprise development in the urgent task of diversifying the economy and the deepening of the capital market.