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The Securities and Exchange Commission (SEC) has called on Government-Owned Enterprises (GOEs) to list on the Nigerian Exchange Limited (NGX) as part of the government’s broader economic agenda under President Bola Tinubu’s Renewed Hope Initiative.
Speaking in Abuja on Thursday, SEC’s Director General, Dr. Emomotimi Agama, highlighted the benefits of such listings, emphasizing that they would foster democratization, inclusivity, and wealth creation for Nigerians.
“Promoting inclusivity is essential because it encourages a sense of ownership. Together, we can build stronger industries and a prosperous nation,” Agama remarked.
To encourage GOEs to list, Agama stated that the SEC would offer a range of incentives and educate key stakeholders in these enterprises to alleviate concerns about losing control. He explained, “Listing on the exchange does not diminish the control of those managing these institutions. Instead, it strengthens their position by unifying stakeholders. United, we thrive; divided, we falter.”
The SEC also committed to streamlining the listing process to make it more efficient. Agama noted, “We are working on reducing the time to market, offering certainty and comprehensive support, so that when a company chooses to list, they can do so with confidence in the timeline backed by the SEC.”
Furthermore, the SEC is leveraging technology to promote greater inclusion in the capital market, particularly targeting younger investors as part of its long-term strategy to deepen market participation.
By encouraging the listing of GOEs, the SEC aims to expand the investment landscape and provide broader access to economic opportunities for Nigerians.
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