The Securities and Exchange Commission (SEC) has reiterated its commitment to encouraging State-Owned Enterprises (SOEs) to list on the Nigerian capital market.
SEC Director-General, Dr. Emomotimi Agama, highlighted that listing would promote inclusiveness, ownership, and wealth creation for Nigerians.
He emphasized that the SEC is prepared to offer incentives to foster the participation of SOEs, noting that such listings would democratize operations and contribute to Nigeria's economic growth.
“You know that besides the incentives, one of the things that we at the SEC will continue to do is educate those managing these institutions, to get them to understand that listing those institutions does not remove power from them. It rather provides bigger power, because united we stand, divided we fall.”
Agama said the Commission will continue to provide education, incentives, and, most importantly, reduce time to market, adding, “providing that certainty, getting them the assurance, knowing fully well that when you want to come to the market, when you decide to come to the market, you are able to follow a calendar, and that calendar is supported by the SEC.”
The DG disclosed that the SEC is also working towards inclusion via technology, adding that technology will make the capital market more attractive, especially to the younger generation.