SEC places priority on Market Regulation

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SEC places priority on Market Regulation

The Securities and Exchange Commission (SEC),  has again re-affirmed it’s committed towards proper regulation that would engender growth and development in the capital market.

The Commission’s Director General , Mr. Lamido Yuguda,  stated this at a meeting with market stakeholders,  organised by the Debt Management Office  (DMO),  in Lagos, Thursday.

Yuguda assured stakeholders that the current Management of SEC was set to ensure effective discharge of  its regulatory responsibilities.

“You will see a more focused SEC  in terms of the regulator readiness, in terms of what the regulator should do to ensure good conduct and development of the market in all its ramifications.

“We are committed to working together with all to develop an agenda that will strengthen the Nigerian capital market and prepare it to assume the very important role of financing the massive infrastructure deficit that our country today has”., said Yuguda.

In her remarks, the DMO’s Director General, Ms. Patience Oniha said debt was a very topical issue in the country hence the need to regularly meet with critical stakeholders to address some grey areas and be on the same page for the growth of the nation’s economy.

Oniha said government borrowed  to finance the budget, to finance specific projects as well as refinance maturing debts obligations among others.

According to her, borrowing enables the success of implementation of the budget, we borrow to finance projects like the on-going rail projects among other projects.

Oniha therefore commended critical stakeholders for their roles in helping the Federal Government develop the market.

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