The National Assembly has transmitted the Investments and Securities Bill (ISB) 2024 to President Bola Tinubu for assent, with lawmakers expressing confidence that the President will sign the bill into law within the next 30 days.
Chairman of the Senate Committee on Capital Market, Osita Izunaso, disclosed this on Tuesday during the Securities and Exchange Commission’s (SEC) budget defense in Abuja.
According to Izunaso, “The Senate President has signed the Investments and Securities Bill 2024, and it has now moved to the Executive for assent. We have 30 days for that to happen, and we expect that the President will assent to it.”
He further revealed that the Committee had issued a written directive to the Minister of Finance, Wale Edun to include a N10 billion special fund for investor education in the capital market as part of the 2025 budget.
Also speaking at the meeting, Anthony Yaro commended the SEC’s performance in 2024, attributing the progress to legislative support and recent policy changes.
He noted that the passage of the ISB and the reduction in the Federal Government’s revenue deduction from the Commission would enhance the SEC’s efficiency.
