The Securities and Exchange Commission has urged government agencies and state-owned enterprises to consider listing on the Nigerian Exchange Ltd.
The Director-General of SEC, Emomotimi Agama, disclosed while addressing pressman in Abuja on Thursday, according to NAN.
Agama emphasized that listing on the Nigerian Exchange Ltd. would enhance transparency and promote the democratization of operations within government agencies and state-owned enterprises.
He said “Listing will guarantee inclusiveness and facilitate wealth creation for citizens.”
He added that to support the initiative, the SEC would offer incentives to encourage state-owned enterprises to list on the exchange.
“Inclusivity is crucial as it fosters ownership, enabling us to collectively build our industries and the nation,” Agama said.
Agama emphasized that leveraging technology could make the capital market more attractive, especially to younger investors.
“We support the use of apps and fintech tools, and we backed the inauguration of the electronic offering platform at the Nigerian Exchange,” he added.
He encouraged qualified individuals to participate in the process, aiming to transform the investment experience.
“We want investors to enjoy a seamless and pleasant experience each time they invest,” Agama remarked.
Agama stressed that the SEC is dedicated to eliminating common bottlenecks in the investment process to revitalize Nigeria’s capital market. This commitment aims to enhance efficiency and encourage greater participation from investors.
The SEC has approved the launch of the Impact Board by Nigerian Exchange Limited. This platform is designed to improve the listing and visibility of sustainability-focused instruments, promoting investments that align with environmental and social goals.
