The Director General, Securities and Exchange Commission SEC, Emomotimi Agama, has said the focus for year 2025 will be on key initiatives that aim to deepen market integrity, enhance investor confidence and drive economic growth.
Agama, who revealed this in his new year message, emphasised the fact that SEC’s dual mandates of regulating and developing the capital markets in Nigeria, will serve as the bedrock for the commission’s top priorities in 2025.
According to him, the Security and Exchange Commission is set to ensure that every Nigerian benefits from the positive impact of the commission, through building wealth, creating confidence and making a difference like never before.
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Strengthening the legal framework for the commodities market is a major area of interest for SEC, as “Nigeria, is purely an agrarian community and agrarian nation and as such, taking a comparative advantage to the next level is something the SEC is proud to be part of”, he said.
He further stated that “the commodities market is a very vital part of Nigeria’s economy, this year will focus on reinforcing legal and regulatory structures that support growth so we can create a solid foundation for a vibrant commodities ecosystem”.
On improving the regulatory framework for borrowing, the SEC DG emphasized the importance of borrowing as part of the financial system, which will help to ensure enough funding, to achieve set out goals at the Federal and State government levels.
The DG also highlighted the need to broaden issuers categories, saying the SEC will ensure the categories of issuers are empowered to broaden the range of entities to raise capital through, more efficiently and innovatively.
On eradicating illegal schemes and enabling approved investments, Agama said “it is so vital to our system more so, because a lot of Nigerians over the years have been challenged with the kind of investments and routes to investment in this country and often times have fallen into the hands of scammers”.
“For us at SEC, investor protection is one of our goals and in protecting investors, we need to provide greater opportunities and greater strategies for them to invest in the Nigerian capital market. So we would be protecting investors through the various mechanism that we have”, he remarked.
The SEC DG also stated the fact that risk management is prominent, saying “market stability is critical. We are introducing targeted rules and mechanism to better identify, manage and mitigate system risks”.
Edited by: Anthonia Umoh.
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