SEC To Unveil Vision For Nigeria’s Capital Market Growth At CMC Meeting

The Director-General of the Securities and Exchange Commission (SEC), Mr. Emomotimi Agama, is set to unveil a comprehensive vision for the development of Nigeria’s capital market during the upcoming Second Capital Market Committee (CMC) Meeting.

In a recent released by SEC, it was stated that the event is scheduled for August 14, 2024, in Lagos.

The upcoming meeting is in alignment with President Bola Ahmed Tinubu’s ‘Renewed Hope Agenda’, which focuses on fostering economic growth and development.

Mr. Agama highlighted that the meeting will be a gathering of key industry leaders, including Chief Executive Officers (CEOs) from registered capital market firms such as broker/dealers, investment advisers, custodians, and fund/portfolio managers.

These stakeholders will engage in discussions on the current landscape of the market, review the regulatory framework, and strategise on future growth initiatives. The goal is to enhance the market’s role in driving economic progress by attracting investments, improving market efficiency, and ensuring the protection of investor interests.

“The CMC meeting will serve as a crucial platform for addressing the pressing issues within the market and ensuring that these concerns are effectively resolved,” Mr. Agama stated.

He emphasised that the committee will consider reports from technical committees, market infrastructures, and industry observers to inform its deliberations. Emerging trends within the market will also be a key topic of discussion.

The CMC, an industry-wide body comprising the SEC, capital market operators, trade groups, and other stakeholders, plays a vital role in facilitating dialogue, exchanging ideas, and shaping the future of the Nigerian capital market.

The committee’s primary function is to provide a forum for stakeholders to offer feedback to the SEC, contributing to the continuous improvement of market operations and regulatory frameworks.