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Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), has called on capital market operators to adopt green bonds and exchange-traded funds (ETFs) as essential tools for driving growth and sustainability in Nigeria’s capital market.
In a statement issued by the SEC on Tuesday, Agama highlighted the importance of these financial instruments in channeling investments toward environmentally sustainable projects, while also enhancing market liquidity and investor participation.
“From green bonds to social impact investing, from derivatives to exchange-traded funds, both from conventional and non-interest perspectives, the spectrum of financial instruments available to investors is vast and diverse,” Agama stated.
He emphasized the evolving nature of financial instruments, which present both opportunities and challenges, urging Nigeria to leverage these advancements. “Embracing technology is paramount. Fintech solutions offer increased access to the capital market, streamlined transactions, and enhanced transparency. By fostering a regulatory environment that encourages responsible adoption of these technologies, we can unlock their full potential and, indeed, the potential of our nation,” he added.
Agama underscored the critical role of technology, particularly fintech solutions, in enhancing market access, streamlining transactions, and improving transparency. He emphasized that the SEC aims to ensure innovations in the capital market are guided by principles of sustainability, inclusivity, and ethical conduct, promoting not only wealth generation but also social and environmental responsibility.
The SEC Director General called on stakeholders in the capital market to prioritize sustainability and ethical practices while embracing financial innovation. He reiterated the SEC’s commitment to maintaining market integrity, efficiency, and investor protection, stressing that these foundational principles must accompany any advancements in the market.
Agama also urged collaborative efforts among market participants, investors, and issuers to co-create solutions that advance sustainable development goals and pave the way for a prosperous future for Nigeria.
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