The Securities and Exchange Commission (SEC) has called for stronger policy support to help drive Nigeria’s ambition of reaching a $1 trillion economy, emphasizing the capital market’s crucial role in sustainable economic growth. The SEC Director-General, Emomotimi Agama, highlighted the need for collaborative efforts between policymakers, businesses, and the media to create an enabling environment for market growth. He pointed out that the capital market has been key in economic development but faces challenges such as limited investor participation, regulatory barriers, and macroeconomic uncertainties.
Olatunde Amolegbe, CEO of Arthur Steven Asset Management, echoed these concerns, stressing that policy interventions are essential for economic diversification and industrialization. He argued that enhancing the capital market will provide businesses with better funding, attract foreign investments, and promote financial inclusion, all of which are critical for Nigeria’s industrial growth. He also emphasized the need for investments in infrastructure, technology, and innovation to unlock opportunities in key sectors like agriculture and manufacturing.
Akeem Oyewale, CEO of Marble Capital, discussed the importance of engaging Nigeria’s young and tech-savvy population to deepen capital market participation. He suggested leveraging fintech solutions and social media platforms to improve financial literacy and access to investments. Addressing barriers like lack of trust and low financial education, Oyewale called for policy incentives, awareness campaigns, and digital platforms to promote financial inclusion and democratize wealth creation.
