The Securities and Exchange Commission (SEC) has emphasized its commitment to the development and diversification of Nigeria’s capital market with the aim of generating wealth for investors and driving economic growth.
Mr. Lamido Yuguda, the Director General of the SEC, in a Statement to the Media highlighted that a well-developed capital market facilitates the efficient allocation of resources, encourages saving and investing, and directs funds towards projects with the highest expected returns.
‘’By effectively achieving these goals, the economy can experience job creation, increased government revenue, and enhanced opportunities for investors. This, in turn, attracts more participants who are interested in contributing their investments to further develop the market. “And if you do that effectively, you will see that you will create more jobs in the economy, you will create more revenue for the government and make life easier for all investors, ‘’ he said.
Recognizing the importance of market development, the SEC has also initiated measures to engage with issuers through a dedicated forum. This initiative aims to discourage delisting and promote sustained participation in the market.
The SEC boss observed that in a bid to develop the market, the Commission saw the need to have a forum where it could interface with issuers in a bid to discourage delisting.
“When that happens, you then have a lot of interested parties that want to put in their money to help the market develop.
