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Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has reaffirmed the commission’s commitment to ensuring a secure and resilient digital environment to protect investor confidence, foster economic growth, and uphold the integrity of Nigeria’s financial markets.
Speaking at the Central Securities Clearing System (CSCS) Cybersecurity Conference in Abuja, themed “Cybersecurity: Synergising Artificial Intelligence and Infrastructure,” Agama highlighted the growing importance of cybersecurity in today’s interconnected world. He emphasized that cybersecurity is now integral to the functioning of economic and social systems, with a significant portion of personal and organisational activities conducted digitally.
Agama explained that while this digital transformation has led to increased efficiencies, it has also introduced substantial risks, particularly cyber threats that stakeholders must actively mitigate.
“The COVID-19 pandemic made this even more apparent,” Agama noted. “The accelerated reliance on technology, remote work, and digital platforms during the pandemic highlighted the need for stronger cybersecurity measures to protect individuals, organisations, and sectors from emerging cyber risks.”
Agama stressed the SEC’s understanding of the critical role cybersecurity plays in the financial sector. “The integrity of Nigeria’s capital markets, where people’s hard-earned savings and investments are at stake, hinges on robust cybersecurity strategies. Cyber-attacks on financial institutions often target sensitive information, posing systemic risks not only to individual institutions but to the broader economy.”
He concluded by underscoring the need for cybersecurity to be treated as a key pillar of financial stability and national security, especially in safeguarding the nation’s capital markets from evolving cyber threats.
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