The Securities and Exchange Commission has assured fintech and digital asset operators that it is not seeking to hinder their businesses, but rather to establish clear regulatory pathways while maintaining market stability.

The SEC Director-General, Dr Emomotimi Agama, stated this on Wednesday in Abuja at the second Bi-Annual Regulator/FinTech Clinic organised by the Commission.

He said the Commission was working to strengthen the safety and stability of the fintech and digital assets ecosystem through effective regulation.

Agama said the SEC remained committed to establishing a regulatory environment that enables fintech and digital asset operators to enter and operate in the market while ensuring compliance with applicable rules.

“We want the digital platforms to enter the market through clear pathways,” Agama said.

“We do not want to gag anyone, but we are open to listening to every complaint.”

He urged fintech and digital asset operators to comply with the Investments and Securities Act 2025 and other relevant regulatory requirements.

Agama said the Commission would continue to work with fintech and digital asset firms to strengthen the safety and stability of the market.

“Time has come to build a stronger ecosystem for Nigeria,” Agama said.

Also speaking, the SEC Executive Commissioner, Operations, Mr Bola Ajomale, said the Commission’s mandate was to manage risks and promote stability within the financial system.

Ajomale said some fintech and digital asset operators encountered challenges that could delay the smooth approval of their registration applications with the Commission.

He identified unclear business proposals, inadequate risk governance structures, insufficient capitalisation and weak compliance plans as some of the factors affecting the registration process.