Director General of the Securities and Exchange Commission Dr. Emomotimi Agama has charged Stockbrokers’s and other capital market stakeholders to harness the full potential of the capital market to achieve a prosperous and sustainable future.
Agama gave the charge at the 28th annual conference of the Chartered Institute of Stockbrokers (CIS), themed:
Agama stated that the focus on leveraging the capital market to achieve this ambitious goal of a $1.0 trillion economy underscores the pivotal role the financial markets play in national development.
He said the critical review of sectors, investment strategies, market regulations, and technological innovations that the conference promises will undoubtedly provide a roadmap for the capital market’s contribution to Nigeria’s economic transformation.
According to the SEC DG, the capital market is not only a platform for raising funds but also a vital engine for wealth creation, economic diversification, and infrastructure development adding that by effectively channeling resources into productive sectors, it can stimulate industrial growth and technological advancement.
“This conference provides an opportunity to identify and address key barriers that have hindered optimal capital market performance, such as regulatory challenges, market liquidity, and investor confidence.
“Additionally, the role of technological innovations in the market cannot be overstated. Embracing fintech solutions, blockchain, and digital assets will further enhance market efficiency and transparency.
“The success of the $1.0 trillion economy vision largely depends on the collective efforts of all stakeholders in the financial ecosystem. By fostering collaboration between regulators, market operators, and policymakers, we can create a more resilient and inclusive market,” he stated.