The head of the Securities and Exchange Commission, Dr Emomotimi Agama, has urged stockbrokers and other players in the capital market to fully utilize its capabilities for a prosperous and sustainable future.
Agama delivered this message at the 28th annual conference of the Chartered Institute of Stockbrokers with the theme ‘Capital Market as a Catalyst for the $1tn Economy’ in Ibadan, Oyo State.
He emphasized that the capital market serves not only as a fundraising platform but also as a crucial driver of wealth creation, economic diversification, and infrastructure development.
Agama highlighted the importance of directing resources into productive sectors to stimulate industrial growth and technological progress.
He addressed the need to overcome barriers like regulatory issues, market liquidity, and investor trust for optimal capital market performance. Embracing financial technology solutions and digital assets can enhance market efficiency and transparency.
Agama stressed the collaborative effort required from all financial stakeholders to achieve the $1tn economy goal. He praised the CIS for promoting knowledge sharing and professional development through the conference.
He lauded the choice of Oyo State as the conference venue, recognizing its economic significance and cultural heritage. The planned factory visits aim to deepen industry engagement and understanding.
As the capital market regulator, the SEC fully endorses the conference, acknowledging its role in shaping the market’s future. Agama encouraged active participation to unlock the Nigerian capital market’s potential for sustained economic growth.
The President and Chairman of the Governing Council of the CIS, Mr. Oluropo Dada, explained that the theme aligns with the government’s objective of growing Nigeria’s GDP to $1tn. He emphasized the capital market’s crucial role in mobilizing capital for businesses and wealth creation.
Dada highlighted the capital market as a key driver of economic growth, drawing from the experiences of developed nations to achieve a trillion-dollar economy.