Nigeria @ 65: SEC DG advocates financial independence through capital market

By Obas Esiedesa, Abuja

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called connected Nigerians to instrumentality vantage of opportunities successful the superior marketplace to physique idiosyncratic and nationalist fiscal independency arsenic the state marked its 65th Independence Anniversary.

Agama, successful a goodwill connection titled “Forging a New Legacy of Financial Independence”, described the superior marketplace arsenic a captious motor of economical empowerment, stressing that existent independency goes beyond governmental sovereignty to see fiscal information for each Nigerian.

According to him, nether the medication of President Bola Ahmed Tinubu and the guidance of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the superior marketplace has been repositioned arsenic a “public quadrate of prosperity for all” alternatively than an exclusive sphere for a privileged few.

He listed ongoing reforms including the dematerialization of shares, accrued retail capitalist participation, instauration of caller plus classes, promotion of FinTech collaborations, and simplification successful time-to-market for securities arsenic portion of efforts to deepen fiscal inclusion and democratize wealthiness creation.

Other initiatives, helium noted, see planetary champion practices successful money valuation, strengthening of firm governance, promotion of fiscal literacy, and a sustained run against Ponzi schemes that proceed to defraud unsuspecting Nigerians.

“These are not conscionable regulatory updates; they are the gathering blocks of a fiscal democracy,” Agama stated, adding: “Every Nigerian—from the civilian servant successful Makurdi to the tech entrepreneur successful Yaba, the husbandman successful Kano, and the fisherman successful Yenagoa—can present person a involvement successful the commanding heights of our economy.”

The SEC brag emphasized that fiscal independency is cardinal to dignity and prosperity, pointing retired that the superior marketplace provides a level for Nigerians to alteration savings into investments that substance endeavor maturation and nationalist infrastructure.

“When you bargain a share, you go a part-owner of a Nigerian company. When you put successful a bond, you are helping to money the infrastructure that volition powerfulness our future. This is the caller look of patriotism,” helium said.

Agama further called connected citizens to prioritize fiscal literacy, clasp accordant investment, and follow a semipermanent position successful bid to physique sustainable wealthiness and enactment the nation’s economical transformation.

He described concern arsenic a patriotic duty, stressing that wide information successful the superior marketplace volition not lone heighten idiosyncratic fiscal information but besides accelerate nationalist development.

“As we observe 65 years of nationhood, fto america clasp this almighty instrumentality for wealthiness creation. The maturation of our system indispensable reflector the maturation of our citizens’ fiscal independence,” Agama said.

The station Nigeria @ 65: SEC DG advocates fiscal independency done superior market appeared archetypal connected Vanguard News.