SEC harps on right policies for capital market development

THE Securities and Exchange Commission ( SEC) has expressed its readiness to pursue appropriate policy measures that will spur activities and accelerate development in the capital market.

At the 2022 PEARL Awards Nite, held in Lagos, at the weekend, the DirectorGeneral of the SEC, Lamido Yuguda said the commission is also committed to the development of the commodities market ecosystem to complement Federal Government’s efforts towards improving the agriculture and solid minerals sector.

Besides, Dangote Cement Plc, at the event, won the Sectoral Leadership Awards ( SLA) under the Industrial Goods ( Building Materials) subsector.

According to Yuguda, the SEC is poised to become an impartial enabler and promoter that provides the framework for exchanges and all other participants in the Nigeria capital market ecosystem to thrive.

He assured stakeholders that the commission would continue to support, engage and collaborate with stakeholders in providing a level playing field for all quoted companies to thrive.

“As our mandate of market development and investors’ protection and with the firm support of the African Development Bank( ADB), the commission has commenced steps towards acquiring and deploying an integrated market support system in the form of a security surveillance software solution,” he said.