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The Securities and Exchange Commission (SEC) has expressed its commitment to encouraging government agencies and state-owned enterprises to list on the Nigerian Exchange Ltd. (NGX). Speaking in Abuja, Dr. Emomotimi Agama, the Director-General of SEC, emphasized that the listing of these entities on the NGX would promote the democratisation of their operations, ensuring broader participation and inclusiveness.
According to Agama, bringing state-owned enterprises to the capital market would not only democratize ownership but also foster wealth creation for citizens. “Inclusivity is critical because, through shared ownership, we can collectively build our industries and drive national development,” Agama remarked during an interview with journalists on Thursday.
To support this initiative, the SEC plans to provide incentives to encourage state-owned enterprises to list on the NGX, ensuring that more Nigerians can benefit from wealth creation opportunities and participate in the economic growth of the country.
The SEC is also focusing on integrating technology to enhance inclusivity, particularly by making the capital market more appealing to younger generations. Agama highlighted the importance of technology in simplifying the investment process, noting that the adoption of fintech tools and apps is crucial to modernizing Nigeria’s capital market.
“That’s why we encourage the use of apps and fintech innovations, and why we supported the introduction of the electronic offering platform at the Nigerian Exchange. These advancements are transforming how people view investing,”he said. “We want investors to have an enjoyable and seamless experience, making it easy for them to invest and feel a sense of satisfaction each time they do.”
The SEC is also working to remove bottlenecks in the investment process, aiming to make Nigeria’s capital market more efficient and appealing. “Our goal is to rejuvenate the capital market by addressing the challenges investors face, ensuring they can engage with ease,” Agama added.
Through these efforts, the SEC hopes to create a more inclusive and dynamic investment landscape in Nigeria, empowering both the public and private sectors to contribute to the country’s economic progress.
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