The Federal Government has reaffirmed its dedication to strengthening Nigeria’s capital market as a key driver for wealth creation and economic development. This commitment was emphasized by the Minister of State for Finance, Dr. Doris Uzoka-Anite, during a meeting with the board members of the Securities and Exchange Commission (SEC) in Abuja over the weekend.
Dr. Uzoka-Anite highlighted that President Bola Ahmed Tinubu’s administration has tasked the Finance Ministry with fostering a vibrant, private sector-driven capital market to support the nation’s $1 trillion economic growth target.
“If we are to achieve the renewed hope mandate of a $1 trillion economy, it has to be through the capital market. It has to be private sector driven. We are committed to strengthening the market to make it robust and restore investor confidence,” the Minister stated.
She further assured the SEC Board of the government’s unwavering support to ensure the market reaches its full potential, aiding national development and wealth creation for Nigerians.
Chairman of the SEC Board, Mr. Mairiga Katuka, expressed optimism about the partnership with the Finance Ministry, stressing the importance of collaboration for a resilient and dynamic capital market. He pointed out that the SEC is undergoing necessary reforms to position Nigeria’s capital market on par with global standards.
“The capital market is central to achieving the Renewed Hope Agenda. As the apex regulator, we remain committed to attracting investments, creating wealth, and supporting Nigeria’s development objectives,” Katuka stated.
The meeting underscored the shared resolve of the Federal Government and the SEC to create a conducive policy environment for sustainable growth in the capital market, with a focus on bolstering investor confidence and driving economic diversification.
