As a way of encouraging investors to explore opportunities in the capital market to grow businesses, the Securities and Exchange Commission (SEC) has said that the market will be available to provide funding to entreprenuers.
The Director General of SEC, Lamido Yuguda, stated this at the maiden Gombe State Investment Summit themed “Industrialisation: The Pathway to Innovation, Transformation, and Development of Gombe” held at the state capital on Wednesday.
He said, “The capital market is available to provide funding to businesses. With crowdfunding, a small business can raise money based on certain principles as the SEC has approved this to happen for a certain number of investors and certain amount at a time.
He highlighted other benefits investors and businesses stand to enjoy from exploring opportunities in the capital market particularly in the agro-allied sector. “There are also huge opportunities available for businesses especially the agro-allied businesses.
They can use the commodities market to access high caliber customers that require agric produce in large quantities. We have licensed six commodities exchanges in Nigeria and they are very active”, he said.
