Akwa Ibom State Governor, Pastor Umo Eno, and Chairman of the Senate Committee on Capital Market and Establishments, Senator Osita Izunaso, have referred to as for a cautious and balanced implementation of ongoing fiscal and monetary reforms to maintain investor confidence, guarantee inclusive progress, and strengthen the nation’s financial basis.
Each leaders made this assertion whereas delivering their remarks on the Moneyline Funding Discussion board, held in Abuja, which centered on Nigeria’s evolving monetary panorama, fiscal reforms, and the trail to sustainable wealth creation.
The Commissioner of Info within the state, Aniekan Umanah, represented the Akwa Ibom state governor.
Equally, Senator Izunaso expressed concern over the current N4.64 trillion loss in market worth recorded on the Nigerian Inventory Change on Tuesday, following buyers’ response to the proposed 30 per cent Capital Good points Tax (CGT) underneath the Nigerian Tax Act 2025, which is anticipated to take impact in January 2026.
He defined that the deliberate enhance from 10 to 30 per cent on share transactions valued at N150 million and above has triggered widespread disposals by main buyers, leading to a pointy decline in market capitalisation.
“In anticipation of this modification, we now have noticed important disposals by main buyers, leading to a notable decline in market capitalisation,” he stated. “Whereas taxation is crucial for income technology, it’s equally vital that fiscal measures don’t inadvertently undermine investor confidence or discourage long-term capital formation.”
Izunaso urged the Minister of Finance to discover mechanisms that may deal with investor issues whereas guaranteeing that authorities income targets are met with out destabilising the capital market. “A balanced strategy will maintain momentum, shield market stability, and protect the optimistic trajectory our capital markets have achieved underneath present reforms,” he said.
Governor Eno, who delivered the keynote deal with, careworn that fiscal reforms should guarantee a robust synergy between authorities coverage and the folks, arguing that financial progress will solely be significant when reforms translate into actual advantages for residents and companies.
“To attain sustainable progress, there have to be synergy between coverage and folks, between fiscal reform and monetary schooling, and between the boardroom and {the marketplace},” he stated.
Whereas acknowledging the importance of the continuing reforms — together with the brand new Funding and Securities Act 2025, Insurance coverage Business Reform Act 2025, new tax legal guidelines, and energy sector deregulation — the governor cautioned that reforms have to be fastidiously managed to keep away from unintended shocks.
“We have to be conscious of the dangers that accompany reform — market volatility, inflationary pressures, and world uncertainties. But, inside these dangers lie alternatives to reinvent governance, promote inclusive progress, and leverage know-how to deepen monetary inclusion,” Eno said.
He stated Akwa Ibom’s financial technique, anchored on the ARISE Agenda, exemplifies how subnational governments can drive productiveness, innovation, and enterprise to enrich the Federal Authorities’s push for a $1 trillion economic system by 2030.
“Akwa Ibom stands at present as proof that progress and growth are doable when imaginative and prescient meets self-discipline and when governance serves the folks slightly than political expediency,” he stated. Eno reaffirmed his dedication to transparency, accountability, and peace — describing them as “the three currencies that entice sustainable funding.”
Izunaso additionally reaffirmed the Senate’s legislative dedication to strengthening market establishments via the Funding and Securities Act (ISA) 2025, describing it as a transformative authorized framework designed to deepen participation and promote inclusivity within the Nigerian capital market.
“The ISA 2025 isn’t just a authorized instrument; it’s a roadmap for constructing a capital market that’s inclusive, resilient, and globally aggressive,” Izunaso famous. “It helps the Federal Authorities’s ambition of attaining a $1 trillion economic system by 2030 and transforms our markets into engines of broad-based financial progress.”
Each leaders emphasised collaboration amongst authorities, regulators, and the non-public sector as important to changing reforms into tangible outcomes. They agreed that Nigeria’s future prosperity depends upon aligning fiscal self-discipline with investor confidence — reworking insurance policies into prosperity and reforms into outcomes.
