The Securities and Exchange Commission (SEC) has revealed that formalizing commodities and warehouse receipts in Nigeria’s capital market can unlock a staggering $500 billion in dormant agricultural and mineral assets.
This was disclosed by the SEC Director-General, Dr. Emomotimi Agama, at a national workshop of the Chartered Institute of Stockbrokers held in Abuja.
According to Agama, transforming commodities and warehouse receipts into tradeable securities would not only diversify the economy from oil and gas but also create wealth for the country.
The SEC DG emphasized that the Investments and Securities Act 2025 has empowered the commission to take decisive actions to promote the sector, ensuring precision and authority in regulating a rapidly expanding market.
The Act sharpens the SEC’s regulatory focus, enabling it to operate with precision and authority. The Commission now has explicit powers to shut down Ponzi schemes and prosecute offenders.
Investors are now covered for losses from revoked dealer licenses, boosting participation and trust in the market.
Agama believes that the new Act positions Nigeria’s market as an engine room for national prosperity, bringing the country closer to achieving a $1 trillion economy.
He emphasized that trust is crucial for the capital market’s success, stating, “Trust is the currency of our capital markets. Without it, liquidity dries up.”
With the ISA 2025 in effect, Nigeria’s capital market is poised to play a central role in accelerating the country’s economic transformation.
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