Nigeria: SEC targets digital finance, commodities markets to achieve $1trn economy --[Reported by Umva mag]

The Securities and Exchange Commission (SEC) has said that having digital finance and commodities markets in rural areas is crucial to achieving the Nigerian government’s target of a $1 trillion economy.

Speaking at the ongoing IOSCO World Investor Week in Lagos, the Director General of SEC, Dr. Emomotimi Agama, announced plans to prioritize investor education and digital finance to deepen capital market participation and harness the growing interest in financial technology.

Dr. Agama, who was representing by the Executive Commissioner, Operations, Bola Ajomale, said: “Digital finance is vital for rural communities, where commodities markets play a significant role. These markets connect farmers to global markets and facilitate economic growth.

“Achieving 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.”

On investor education, Dr. Agama said: “Empowering investors with knowledge protects them from risks such as scams and unregulated schemes. Nigeria’s capital market future relies on an informed and engaged investor base.”

The event, hosted by SEC in collaboration with AFEX Commodities Exchange, brought together stakeholders from the financial, investment, government, and media sectors.

GIK/APA

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