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The Securities and Exchange Commission (SEC) has announced plans to encourage government agencies and state-owned enterprises to list on the Nigerian Exchange Ltd. (NGX) to democratize their operations and foster economic inclusiveness.
In a statement during an interview with journalists in Abuja, SEC’s Director-General, Dr. Emomotimi Agama, emphasized that the listing of state-owned enterprises on the NGX would promote greater inclusivity, allowing citizens to become part-owners of these companies and contributing to wealth creation across the country.
Agama highlighted that SEC intends to provide incentives that will motivate state-owned enterprises to embrace public listings. He stressed that inclusivity is essential for national development, stating, “Inclusivity is very critical because it encourages ownership, enabling us to collectively build our industries and country.”
In addition to promoting listings, SEC is leveraging technology to make the capital market more accessible, particularly for younger generations. Agama noted that the Commission is actively supporting the integration of financial technology (fintech) tools into the market, as well as initiatives like the electronic offering platform launched at the Nigerian Exchange.
“We are encouraging the use of apps and fintech tools to transform the way people perceive investing. Our goal is to offer investors a seamless experience that makes investing both easy and enjoyable,” Agama explained. “We want to ensure that when people think of investing, it brings them happiness and satisfaction.”
To further rejuvenate Nigeria’s capital market, SEC is focused on eliminating bottlenecks that hinder investment processes. Agama reaffirmed that SEC remains committed to enhancing investor experiences through technology-driven solutions and ongoing investor education, ensuring a more vibrant and efficient capital market for the country.
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