SEC Encourages Stockbrokers to Unlock Capital Market Potential for Nigeria’s Economic Growth
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged stockbrokers and capital market stakeholders to fully leverage the potential of the Nigerian capital market to foster a sustainable and prosperous future. Speaking at the 28th annual conference of the Chartered Institute of Stockbrokers (CIS) in Ibadan, themed “Capital Market as a Catalyst for the $1 Trillion Economy,” Dr. Agama emphasized the capital market’s role as more than just a funding platform, describing it as a crucial engine for wealth creation, economic diversification, and infrastructure development.
Dr. Agama noted that the capital market can boost industrial growth and technological progress by channeling resources into productive sectors. The conference also offers a chance to tackle key obstacles, such as regulatory issues, market liquidity, and investor confidence, that have prevented the market from achieving optimal performance. He highlighted the importance of embracing technological innovations like fintech, blockchain, and digital assets to improve market efficiency and transparency.
“The vision of a $1 trillion economy hinges on the collective effort of all financial ecosystem stakeholders,” Dr. Agama said. “Collaboration between regulators, market operators, and policymakers is essential to create a resilient and inclusive market.”
Dr. Agama praised the CIS for their role in promoting professional development and knowledge sharing, acknowledging their contribution in equipping market players with the skills needed to drive Nigeria’s economy forward. He described the choice of Ibadan, a hub for blue-chip companies, as a strategic location for the conference, which also features factory visits to give attendees a first-hand look at industry operations.
In his address, CIS President and Chairman Mr. Oluropo Dada explained that the conference theme reflects the Institute’s commitment to supporting the Federal Government’s goal of growing Nigeria’s GDP to $1 trillion. He highlighted the capital market’s pivotal role in helping individuals and organizations mobilize capital, grow small businesses, and democratize asset ownership, promoting wealth creation and distribution.
Dada concluded, “A comprehensive exploration of the capital market’s potential is necessary to achieve a trillion-dollar economy. Learning from the paths taken by developed nations, we see the capital market as a proven engine of growth.”
The SEC reiterated its commitment to shaping the capital market’s future through active participation in the conference and encouraged stakeholders to fully engage in discussions to unlock the sector’s full potential for Nigeria’s economic prosperity.
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged stockbrokers and capital market stakeholders to fully leverage the potential of the Nigerian capital market to foster a sustainable and prosperous future. Speaking at the 28th annual conference of the Chartered Institute of Stockbrokers (CIS) in Ibadan, themed “Capital Market as a Catalyst for the $1 Trillion Economy,” Dr. Agama emphasized the capital market’s role as more than just a funding platform, describing it as a crucial engine for wealth creation, economic diversification, and infrastructure development.
Dr. Agama noted that the capital market can boost industrial growth and technological progress by channeling resources into productive sectors. The conference also offers a chance to tackle key obstacles, such as regulatory issues, market liquidity, and investor confidence, that have prevented the market from achieving optimal performance. He highlighted the importance of embracing technological innovations like fintech, blockchain, and digital assets to improve market efficiency and transparency.
“The vision of a $1 trillion economy hinges on the collective effort of all financial ecosystem stakeholders,” Dr. Agama said. “Collaboration between regulators, market operators, and policymakers is essential to create a resilient and inclusive market.”
Dr. Agama praised the CIS for their role in promoting professional development and knowledge sharing, acknowledging their contribution in equipping market players with the skills needed to drive Nigeria’s economy forward. He described the choice of Ibadan, a hub for blue-chip companies, as a strategic location for the conference, which also features factory visits to give attendees a first-hand look at industry operations.
In his address, CIS President and Chairman Mr. Oluropo Dada explained that the conference theme reflects the Institute’s commitment to supporting the Federal Government’s goal of growing Nigeria’s GDP to $1 trillion. He highlighted the capital market’s pivotal role in helping individuals and organizations mobilize capital, grow small businesses, and democratize asset ownership, promoting wealth creation and distribution.
Dada concluded, “A comprehensive exploration of the capital market’s potential is necessary to achieve a trillion-dollar economy. Learning from the paths taken by developed nations, we see the capital market as a proven engine of growth.”
The SEC reiterated its commitment to shaping the capital market’s future through active participation in the conference and encouraged stakeholders to fully engage in discussions to unlock the sector’s full potential for Nigeria’s economic prosperity.