The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized the commission’s recognition of blockchain technology and digital assets as catalysts for transforming Nigeria’s capital markets and shaping the broader economy. Speaking at the 2024 Businessday Blockchain Conference, themed *“Building Africa’s Future: Harnessing Blockchain for Economic and Social Transformation,”* Dr. Agama highlighted how blockchain has evolved from a buzzword to a crucial component of the global financial ecosystem.
He explained that the decentralized, transparent, and secure nature of blockchain technology has fostered innovation across multiple sectors, including finance, supply chains, healthcare, and governance. In particular, blockchain offers tremendous potential to address some of Africa’s most pressing issues, such as financial exclusion, lack of transparency, and inefficiencies in both public and private sectors.
Dr. Agama reaffirmed that the SEC is taking a proactive approach to digital asset regulation, recognizing the technology’s potential to revolutionize capital markets and empower the Nigerian economy. By embracing blockchain, the commission aims to foster innovation while ensuring regulatory safeguards are in place to protect investors and maintain market integrity.
As the technology continues to mature, blockchain could pave the way for greater financial inclusion, improved governance, and more efficient operations across various industries in Nigeria and beyond.
