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The Securities and Exchange Commission (SEC) has called for increased collaboration among stakeholders to fully harness the potential of Nigeria’s capital market. This call was made by Dr. Emomotimi Agama, Director-General of SEC, during the WorldStage Economic Summit (WES) 2024 in Lagos.
Speaking at the event, Dr. Agama emphasized the importance of strategic partnerships between the public and private sectors, financial literacy programs, and advancements in financial technology (fintech) to broaden the capital market’s impact. He noted that these efforts will help position the capital market as a platform for job creation, infrastructure development, and long-term economic resilience.
“In this new era, collaboration across all sectors is paramount. Together, we can unlock the full potential of Nigeria’s capital market, setting the stage for a stronger, more resilient economy,” Agama stated.
Represented by Tunde Kamali, Director of the Office of the DG, Dr. Agama reiterated the commission’s commitment to positioning the capital market as a key driver of Nigeria’s developmental objectives. He also highlighted SEC’s ongoing efforts to implement the revised 10-year Capital Market Masterplan (2015-2025), which was updated in November 2022.
“The initiatives we have undertaken with other stakeholders to further deepen the capital market are commendable and have significant benefits for the broader economy. It is crucial that we continue to expand the range and depth of capital market instruments, increase investor participation, and integrate the capital market into Nigeria’s national development plans,” Agama added.
He expressed confidence that SEC’s regulatory frameworks and initiatives will continue to propel Nigeria’s economic growth, positioning the country’s capital market as a hub of opportunity and prosperity.
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