Exchange Commission To Outline Agenda For Capital Market, Says Agama

The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, will outline the Commission’s vision for the Nigerian capital market at the Second Capital Market Committee Meeting, in line with President Bola Tinubu’s Renewed Hope Agenda.

The meeting, which will be held on August 14, 2024 at the Oriental Hotel in Lagos, aims to develop strategies for enhancing the capital market’s role in driving economic growth and development through initiatives that attract investments, improve market efficiency, and protect investor interests.

According to the SEC, “the meeting will bring together key stakeholders in the Nigerian capital market to discuss the industry’s current landscape, regulatory framework, and future growth strategies. Participants will share ideas and reaffirm their commitment to fostering a robust investment climate that values innovation, sustainability, and investor protection.

The meeting would focus on critical market issues and ensure that those concerns were addressed thoroughly. The committee will consult reports from technical committees, market infrastructures, and industry observers to help inform its decisions. Emerging market trends will also be the subject of discussion.

The CMC is an industry-wide organisation comprised of the SEC, capital market operators, trade associations, and other stakeholders.

It serves as a critical platform for dialogue, facilitating the exchange of ideas, addressing key issues affecting market growth and organisation, and collaborating to shape the market’s future.

The committee was established primarily to allow stakeholders to exchange ideas and provide feedback to the SEC, thereby assisting in the ongoing improvement of market operations and regulatory frameworks.

The SEC stated, “The meeting will draw CEOs from all registered capital market firms, including broker/dealers, investment advisers, custodians, fund/portfolio managers, and others.”