The Independent Shareholders Association of Nigeria (ISAN) has emphasized that corporate governance, innovation, and stakeholder collaboration are critical to achieving Nigeria’s ambition of becoming a $1 trillion economy by 2030.
This message formed the core of discussions at ISAN’s 8th Triennial Delegates Conference, held at the NECA House, Lagos, with the theme: “Nigeria: Towards a $1 Trillion Economy by 2030.”
The high-profile gathering brought together policymakers, regulators, investors, and business leaders to deliberate on practical strategies for ensuring inclusive and sustainable national growth.
In his opening address, ISAN National Coordinator, Mr. Moses Igbrude, stressed that transparency, accountability, and ethical leadership are essential to driving long-term development.
“As shareholders, our responsibility goes beyond receiving dividends; we must contribute ideas and initiatives that promote a stable and prosperous economy,” Igbrude said.
He commended partners, sponsors, and participants for supporting the initiative and called for stronger collaboration among stakeholders in both the public and private sectors.
Delivering a paper titled “The Strategic Role of Insurance in National Development,” Mr. Ajibola Bankole, Director of Inspectorate at the National Insurance Commission (NAICOM), highlighted the insurance sector’s pivotal role in fostering economic stability and investor confidence.
He lamented that insurance penetration in Nigeria remains below one per cent of GDP, noting that the forthcoming Nigerian Insurance Industry Reform Act (NIIRA) 2025 would strengthen governance, capital adequacy, and consumer protection, thereby attracting more investors to the sector.
In another presentation, cybersecurity expert Dr. Martin Ikpehai, who spoke on “Securing and Protecting the $1 Trillion Economy Against Cyber Terrorism by 2030,” cautioned that digital vulnerabilities could derail economic progress if not properly addressed.
“Digital resilience is now synonymous with economic resilience,” Ikpehai warned, urging that cybersecurity be integrated into all aspects of national economic planning.
The conference concluded with a shared commitment by stakeholders to drive reforms, strengthen institutions, and promote innovation as Nigeria strives toward its $1 trillion economic milestone.
