In line with President Bola Tinubu’s Renewed Hope Agenda, the Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, is set to outline the Commission’s vision for the Nigerian capital market at the Second Capital Market Committee (CMO) meeting.
A statement by the Commission said the meeting which is taking place next week aims to develop strategies for enhancing the capital market’s role in driving economic growth and development through initiatives that attract investments, improve market efficiency, and safeguard investor interests.
According to the SEC, “The meeting will bring together key stakeholders in the Nigerian capital market to discuss the industry’s current landscape, regulatory framework, and strategies for future growth. Participants will exchange ideas and reaffirm their commitment to fostering a robust investment climate characterized by innovation, sustainability, and investor protection.
“We need to create an enabling environment for the capital market to thrive and contribute meaningfully to the country’s economic development.”
SEC stated that the meeting will focus on critical issues affecting the market and ensure that concerns are thoroughly addressed.
“The committee will review reports from technical committees, market infrastructures, and industry observers, and discuss emerging market trends”.
“We want to ensure that all stakeholders are on the same page and working towards a common goal”, it added.
The Capital Market Committee (CMC) is an industry-wide body comprising the SEC, capital market operators, trade groups, and other stakeholders.
The Commission explained that “the CMC serves as a platform for dialogue, facilitates the exchange of ideas, addresses key issues impacting market growth and organization, and collaborates on shaping the market’s future.”
SEC emphasized the importance of collaboration and cooperation among stakeholders. “We need to work together to build a robust investment climate characterized by innovation, sustainability, and investor protection”.
The meeting will draw CEOs from all registered capital market firms, including broker/dealers, investment advisers, custodians, fund/portfolio managers, and more.
“We want to ensure that all stakeholders are engaged and committed to the growth and development of the capital market.”