SEC woos stakeholders to unlock capital market’s full potential

The Securities and Exchange Commission (SEC) has called for stakeholders’ collaboration to unlock the full potential of Nigeria’s capital market.

The Director-General (DG) of SEC, Dr. Emomotimi Agama, who stated this in Lagos at the WorldStage Economic Summit (WES) 2014, said: “Through strategic public-private partnerships, financial literacy initiatives, and fintech advancements, we are deepening the capital market’s reach, ensuring that it serves as a platform for job creation, infrastructure financing, and broader 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, represented by the Director, Office of the DG, Tunde Kamali, said the commission is committed to positioning the capital market as a catalyst for Nigeria’s development goals.

The SEC boss said the attainment of the commission’s 10-year (2015-2025) Capital Market Masterplan, revised in November 2022, remains a challenging endeavour in which it is committed to succeeding on.

“The current initiatives of the Commission in conjunction with other stakeholders to further deepen the market are laudable and beneficial to the economy. It is, therefore, crucial that more support is given towards increasing the number and depth of capital market instruments, raising the level of investor participation, and mainstreaming the capital market into Nigerians’ national development plans and agenda,” he said.

He expressed confidence that the commission’s regulatory efforts will continue to drive economic growth and development, positioning the Nigerian capital market as a beacon of opportunity and prosperity.