2 months ago
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Securities and Exchange Commission
The Securities and Exchange Commission has urged State-Owned Enterprises to list on the Nigerian Exchange market to promote democratisation, inclusiveness and create wealth for Nigerians.
The SEC Director General, Dr Emomotimi Agama, in a statement by the commission in Abuja on Thursday, also stated that the listing of SOEs would improve the rating of the capital market in alignment with the Renewed Hope Agenda of President Bola Tinubu.
Agama further stressed that the SEC would offer incentives to encourage SOEs to list their securities.
“Inclusivity is crucial because it fosters ownership. Together, we can build our industries and country.
“Aside from the incentives, the SEC will also educate those managing these institutions to understand that listing does not diminish their control. Instead, it empowers them by creating unity, as ‘united we stand, divided we fall,” Agama said.
He noted that the commission would continue providing education and incentives while streamlining the time to market for companies.
“By reducing the time to market and offering certainty and support, we ensure that once a company decides to list, it can follow a reliable timeline supported by the SEC,” he noted.
The DG further explained that the SEC is also leveraging technology to drive inclusion in the capital market, particularly to attract younger investors.
“That’s why we support the development of apps, FinTech tools, and the launch of the e-offering platform at the Nigerian Exchange.
“We want to offer investors a seamless experience, making it so easy and enjoyable that investing brings them happiness. We will continue to support this through technology, education, and removing bottlenecks to rejuvenate the Nigerian capital market,” he added.
