Nigeria: SEC assures Lagos Free Zone of regulatory support

The Director-General of the Securities and Exchange Commission, Mr Lamido Yuguda, has commended the efforts of the management of the Lagos Free Zone in making investment opportunities available to Nigerians and assured the organisation of the required regulatory support.

Yuguda gave the commendation during a joint visit by SEC and the Nigerian Exchange Group Plc to the Lagos Free Zone.

He said, “We have the labour, raw materials and the market. Nigeria is a big market and if we can focus on this as a policy framework, we will be able to grow our economy and create wealth for our citizens.

“I am very impressed with what is going on here; this place holds promise for the future of Nigeria. I am sure this kind of place will give others the hope and courage to make useful investments in this country. The capital market is open for business and we are willing to provide all the necessary support for companies like this to access the capital market.”

Yuguda promised that SEC would work with the NGX to aid the LFZ’s entrance to the capital market for Nigerians to access the opportunities it would provide.

In his remarks, the Chief Executive Officer of LFZ, Mr Dinesh Rathi, expressed hope that the operations of the company would assist Nigeria to solve some of the problems relating to industrialisation.

He said the company desired regulatory support for its success as it would assist the country’s industrialisation goals.