DCM Transformation Levers

DCM Aspiration, Objectives and Transformation Levers

Aspiration: The Nigerian DCM Aspiration is to become a become a world-class, properly functioning DCM by 2025.

Strategic Objectives: The DCMD Project provides a transformation framework with workable solutions that will stimulate growth and accelerate the development of the Nigerian DCM, to achieve its aspiration.

To achieve this, four (4) key strategic objectives were identified by stakeholders. These include:

 The DCMD Project provides a transformation framework with workable solutions that will stimulate
growth and accelerate the development of the Nigerian DCM, to achieve its aspiration.

To achieve this, four (4) key strategic objectives were identified by stakeholders. These include:

 Improvement of operational efficiencies and time to market for the issuance of debt securities
 Promotion of market depth (measured by Debt to Gross Domestic Product [GDP] ratio)
 Promotion of an enabling environment to allow the capital market to reach its potentials
 Diversification of products & investors

These objectives were arrived at after a critical review and consideration of all the issues limiting the growth of the Nigerian DCM over the years (based on the experience of market participants including issuers, issuing houses and other intermediaries, regulators, investors, etc.) through active debate and presentation of papers at the “Pre” and “Main” DCM Workshops as well as subsequent engagements after the DCM Workshop.

Transformation Levers: The DCMD Project Transformation Levers are the key drivers of the reforms required to energise the market and the channels through which the strategic objectives of the DCMD Project will be realised. The transformation levers identified after careful deliberations amongst stakeholders include Regulation Consolidation, Housing, Infrastructure, Market Liquidity & Enhancement, Investors, Issuers & Intermediaries Engagement/Education, and Sustainable Finance. It is believed that the Nigerian DCM will be repositioned and energised to play its developmental role in the economy if these key levers are properly addressed.

DCMD Roadmap