By Peter Egwuatu
The Independent Shareholders Association of Nigeria (ISAN) has underscored the importance of corporate governance, innovation, and stakeholder collaboration as key drivers for achieving Nigeria’s target of becoming a $1 trillion economy by 2030.
This was the central message 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 event brought together policymakers, regulators, investors, and business leaders to discuss actionable strategies for sustainable national growth.
In his opening remarks, ISAN National Coordinator, Mr. Moses Igbrude, 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.
“As shareholders, our responsibility goes beyond receiving dividends; we must contribute ideas and initiatives that promote a stable and prosperous economy,” Igbrude stated. He also commended partners, sponsors, and participants for supporting the initiative and urged stronger collaboration among all stakeholders.
Delivering a paper titled “The Strategic Role of Insurance in National Development,” Mr. Ajibola Bankole, Director of Inspectorate at the National Insurance Commission (NAICOM), emphasized the insurance sector’s pivotal role in promoting economic stability and investor confidence.
He lamented that insurance penetration in Nigeria remains below one per cent of GDP and said the forthcoming Nigerian Insurance Industry Reform Act (NIIRA) 2025 would enhance governance, capital adequacy, and consumer protection to attract more investors.
In another presentation, cybersecurity expert Dr. Martin Ikpehai, speaking on “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.”
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