The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has reaffirmed the organisation’s dedication to maintaining regulatory standards and promoting transparency, fairness, and efficiency in Nigeria’s capital market.
Agama who was speaking as a guest at a forum organised by the Nigerian Exchange Group (NGX), highlighted SEC’s desire to draw more investors to the market in line with the expectations of the current administration.
The SEC boss emphasized the need to leverage technology to engage the youths, who constitute over 74 per cent of the Nigerian population and attract more investors to achieve a $1trillion economy.
He stated, “In Nigeria, 74 per cent of the population is under 24 years, this demographic requires us to digitise our processes and engage them through technology they understand, like apps and digital platforms. We must adapt to their world to bring them into the investment market.
“Our goal is to reach millions, not just a few hundred investors, to achieve a $1tn economy, as mandated by President Bola Ahmed Tinubu. We all have a role to play in reaching this goal, and with this new platform, we’re on the right path.”
Agama underscored the pivotal role of stockbrokers in engaging and educating investors to make informed investment decisions.
In his words, “Stockbrokers play a crucial role in this process, ensuring that they read and understand the prospectus thoroughly before passing on the information to clients.
“Innovation means doing things that have not been done before. The challenge lies in creating a summary quickly, but it is essential to ensure the key details are communicated effectively.” He stated.
Agama commended the Managing Director and Chief Executive Officer of the Central Securities Clearing System, Haruna Jalo-Waziri, for introducing the digital platform noting that this platform will contribute significantly to the deepening of the market that will positively impact the economy.
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