By Niyi Jacobs
Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission, has urged stockbrokers and other stakeholders in the capital market to harness its full potential to achieve a prosperous and sustainable future ¹. He emphasized the crucial role of the capital market in national development and its potential to stimulate industrial growth, technological advancement, and infrastructure development.
Agama spoke at the 28th annual conference of the Chartered Institute of Stockbrokers, themed “Capital Market as a Catalyst for the $1.0 trillion Economy,” where he highlighted the importance of leveraging the capital market to achieve this ambitious goal ². He emphasized the need for a critical review of sectors, investment strategies, market regulations, and technological innovations to provide a roadmap for the capital market’s contribution to Nigeria’s economic transformation.
The SEC DG commended the Chartered Institute of Stockbrokers for their efforts in promoting knowledge sharing and professional development, which he believes are crucial in equipping market players with the necessary skills and insights to drive the economy forward. He also described the hosting of the conference in Oyo State, a hub for some of Nigeria’s leading blue-chip companies, as commendable, highlighting the economic significance of the region and its rich cultural heritage.
Agama expressed confidence that the conference will yield significant insights and strategies that will propel the capital market and economy forward, urging all stakeholders to harness the full potential of the Nigerian capital market for sustained economic prosperity. He emphasized the importance of collaboration between regulators, market operators, and policymakers in creating a more resilient and inclusive market.
In his address, President and Chairman of the Governing Council of the CIS, Mr. Oluropo Dada, reiterated the pivotal role of the capital market in any nation’s economy, highlighting its potential to mobilize capital, create wealth, and distribute assets. He emphasized the need for a comprehensive exploration of the capital market’s role as a potent and proven engine of growth to achieve a trillion-dollar economy.
