The Securities and Exchange Commission (SEC) has said the presence of digital financial and commodity markets in rural Nigeria is key to achieving the government’s goal of a $1 trillion economy.
Speaking at the IOSCO Global Investor Week currently underway in Lagos, the Director General of the SEC, Dr. Emomotimi Agama, announced plans to prioritize investor education and digital finance to deepen participation in the capital market and exploit the growing interest in financial technology.
Dr. Agama, who was represented by the Executive Commissioner for Operations, Bola Ajomale, said: “ Digital finance is vital for rural communities, where commodity markets play an important role. These markets connect farmers to global markets and facilitate economic growth. Realizing the President’s vision of a $1 trillion economy requires encouraging investors, promoting investments and showcasing Nigeria as a safe investment destination. Investment growth drives economic expansion. »
Regarding investor education, Dr. Agama said: “ Empowering investors protects them from risks like scams and unregulated schemes. The future of the Nigerian capital market rests on an informed and engaged investor base”.
The event, organized by the SEC in collaboration with the AFEX Commodities Exchange, brought together stakeholders from the financial, investment, government and media sectors.
GIK/fss/te/Sf/APA
