Capital market poised to drive $1trn economy, says SEC

The Securities and Exchange Commission (SEC) has expressed confidence in the Nigerian capital market's potential to play a pivotal role in driving the country towards a $1 trillion economy. Speaking at a recent forum, SEC emphasized that the market's capacity to mobilize long-term funds, attract foreign investments, and facilitate economic diversification positions it as a critical tool for achieving Nigeria's economic ambitions. 

According to SEC, key initiatives such as deepening the market for small and medium-sized enterprises (SMEs), expanding green finance options, and fostering technological innovation are central to unlocking this potential. The regulatory body is also focusing on enhancing transparency, boosting investor confidence, and encouraging private sector participation to stimulate growth across various sectors of the economy. 

Additionally, SEC highlighted the importance of infrastructure development and digital transformation within the capital market to attract more investors and support broader economic activities. By leveraging these opportunities, the capital market is expected to contribute significantly to sectors such as agriculture, energy, and manufacturing, aligning with the government's long-term economic goals. 

The SEC's vision for a $1 trillion economy underscores the strategic importance of a well-regulated, dynamic capital market in driving sustainable economic growth and positioning Nigeria as a competitive player in the global financial landscape.