SEC DG advocates financial independence through capital market investment

By Obas Esiedesa, Abuja

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged Nigerians to leverage opportunities successful the superior marketplace to physique some idiosyncratic and nationalist fiscal independency arsenic the state marks its 65th Independence Anniversary.

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

According to him, nether President Bola Ahmed Tinubu’s medication 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 of a privileged few.

He highlighted reforms specified arsenic the dematerialization of shares, accrued retail capitalist participation, instauration of caller plus classes, FinTech collaborations, and reduced time-to-market for securities arsenic measures to deepen inclusion and democratize wealthiness creation.

Other initiatives, helium noted, see strengthening firm governance, adopting planetary champion practices successful money valuation, promoting fiscal literacy, and sustaining the run against Ponzi schemes defrauding Nigerians.

“These are not conscionable regulatory updates; they are the gathering blocks of a fiscal democracy,” Agama said. “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.”

He emphasized that fiscal independency is cardinal to dignity and prosperity, stressing that the superior marketplace offers Nigerians a level to alteration savings into productive 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 declared.

Agama urged citizens to clasp fiscal literacy, accordant investment, and a semipermanent position to physique sustainable wealthiness and enactment nationalist transformation.

“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,” helium added.

The station SEC DG advocates fiscal independency done superior marketplace investment appeared archetypal connected Vanguard News.