The Securities and Exchange Commission (SEC) has called on government agencies and state-owned enterprises to list on the Nigerian Exchange Ltd (NGX) to drive economic inclusivity and wealth creation for citizens.
SEC’s Director-General, Emomotimi Agama, emphasized during an interview in Abuja that listing these entities on the exchange would democratize their operations. “Listing will guarantee inclusiveness and facilitate wealth creation for citizens,” Agama said, highlighting the importance of collective ownership in building industries and the nation.
To support this initiative, the SEC is offering incentives to encourage state enterprises to list. Agama stressed that inclusivity is a key factor in fostering ownership and ensuring that both government and citizens benefit from industrial growth.
Agama also noted that the SEC is focused on enhancing market accessibility by adopting technological innovations to attract younger investors. “We support the use of apps and fintech tools, and we backed the inauguration of the electronic offering platform at the Nigerian Exchange,” he added.
In an effort to make investing more seamless and user-friendly, Agama encouraged qualified individuals to actively engage in the capital market, aiming to remove barriers that typically hinder investors. “We want investors to enjoy a seamless and pleasant experience each time they invest,” Agama remarked.
Furthermore, the SEC continues its commitment to simplifying the investment process and making the Nigerian capital market more attractive. Agama highlighted that removing bottlenecks is a priority to stimulate growth in the sector.
In a related development, the SEC recently approved the launch of the NGX Impact Board, a platform designed to improve the visibility of sustainability-focused financial instruments. The Impact Board will cater to green financial products and address climate change issues, promoting sustainable economic practices in Nigeria.
