The Director General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama, has been elected as Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO).
This election marks a significant milestone for Agama and Nigeria’s capital market, as he will serve on the Board of IOSCO, the highest decision-making organ of the global securities regulatory organization, until 2026.
IOSCO is recognized as the leading international policy forum for securities regulators, with membership regulating over 95% of the world’s securities markets in over 100 jurisdictions.
Agama’s election is a testament to his expertise and Nigeria’s growing influence in the global securities industry.
In his acceptance speech, Agama emphasized his commitment to transforming capital markets into engines of inclusive growth, innovation, and shared prosperity for Africa and the Middle East.
He outlined several initiatives, including expanding listings, boosting liquidity, and promoting fintech innovation.
Agama highlighted that AMERC will aggressively expand listings by working with AFMI and SSA exchanges to harmonize standards, reduce listing costs, and create cross-border linkages.
He also emphasized the need to pioneer regional market-making schemes and advocate for pension fund reforms to channel domestic savings into productive investments.
Additionally, Agama stressed the importance of empowering youth through retail investor programs, fintech sandboxes, and listings of high-growth startups.
On digital assets, Agama emphasized the need to embrace innovation while managing the risk that comes with it, adding that digital assets represent a $10 trillion opportunity by 2030.
He stated that Africa and the Middle East must lead in developing clear regulations for digital assets, including stable-coins and tokenized securities, and investor protection standards for crypto assets.
Agama called on AMERC members to continue rendering mutual support and cooperation to advance the work of IOSCO.
He emphasized the importance of balancing innovation with stability, ensuring that markets are both dynamic and secure.
IOSCO’s membership has grown steadily, with over 100 ordinary members regulating some of the world’s largest securities markets.
Agama’s election as Vice Chairman of AMERC is expected to further enhance Nigeria’s participation in global securities regulation and promote the development of Africa’s capital markets.
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