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SEC, commission woo investors to capital market

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Uduk

The Securities and Exchange Commission (SEC), has restated its commitment to partner with relevant government agencies, and the private sector to attract more investments into the country and boost the economy.

Acting Director-General, SEC, Ms. Mary Uduk, stated this when she received the Executive Secretary, Nigerian Investment Promotion Commission (NIPC) Ms. Yewande Sidiku, in Abuja.

Uduk said the Commission is poised to revitalise the commodities exchange market, and promote other initiatives in furtherance of its objective to attract more investors into the capital market.

“There are opportunities in the commodities market, and we need to scale up participation in that regard to attract investors. We will require the collaboration of the NIPC in that regard.

“Various opportunities abound in the capital market for both individuals and government, and that is why we are exploring avenues to attract states to come to the market and raise funds for infrastructural projects. We are happy to partner with you to make the market and the country richer and better,” Uduk said.

In her remarks, Sidiku said the NIPC is committed to ensuring that Nigeria has the required business climate to attract both foreign investors and Nigerians in Diaspora.

She said the commission is currently going round the states to explore investment opportunities and look at some investments that were started by states, but are now moribund and find ways to revitalise them.

“There are many investment opportunities in the states, and what we have done now is to design a platform for profiling such investment opportunities. Part of the strategy is to enlighten the state officials, as it is important that the states are ready for the investors,” Sidiku said.

She said the mandate of NIPC is to encourage investors to come, which is why incentives are being put in place to make it easier for them to come.

“The work that we do is connected to the work of the SEC, we encourage investors to come, while the SEC is here to protect the investors, and that is why we need to collaborate. We are happy to work with the SEC to further grow our economy.”


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