The Independent Shareholders Association of Nigeria has emphasized the importance of corporate governance, innovation, and stakeholder collaboration as key drivers for Nigeria to achieve its ambitious target of becoming a $1 trillion economy by 2030.
This central message was the focus of ISAN’s 8th Triennial Delegates Conference, which was held at the NECA House, Lagos last week, under the theme: “Nigeria: Towards a $1 Trillion Economy by 2030.”
The event gathered policymakers, regulators, investors, and business leaders to discuss actionable strategies designed for sustainable national growth.
In his opening remarks, Mr. Moses Igbrude, the ISAN National Coordinator, stressed that transparency, accountability, and ethical leadership are vital ingredients for national development.
He described the conference as an avenue to deliberate on policy options that can accelerate Nigeria’s economic transformation.
Highlighting the expanded responsibilities of members, Igbrude stated: “As shareholders, our responsibility goes beyond receiving dividends; we must contribute ideas and initiatives that promote a stable and prosperous economy.”
He also commended the partners, sponsors, and participants who supported the initiative and urged stronger collaboration among all stakeholders.
Mr. Ajibola Bankole, Director of Inspectorate at the National Insurance Commission, delivered a paper titled “The Strategic Role of Insurance in National Development,” in which he emphasized the insurance sector’s pivotal role in promoting economic stability and investor confidence.
However, he lamented that insurance penetration in Nigeria remains below one per cent of GDP. He added that the forthcoming Nigerian Insurance Industry Reform Act 2025 would enhance governance, capital adequacy, and consumer protection to attract more investors.
Separately, cybersecurity expert Dr. Martin Ikpehai, speaking on the topic “Securing and Protecting the $1 Trillion Economy Against Cyber Terrorism by 2030,” warned that digital vulnerabilities could undermine national progress. He urged Nigeria to embed cybersecurity into all economic planning processes, stressing that “digital resilience is now synonymous with economic resilience.”
