The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, yesterday stressed the need for a vibrant capital market in achieving the federal government’s $1 trillion economy target.
Agama stated this at the 2024 SEC Journalists Academy in Lagos, where he spoke on the theme: “The Role of the Capital Market in Driving Nigeria’s $1 Trillion Economy.”
He said the journey demands collective efforts from policymakers ensuring an enabling environment, businesses leveraging market opportunities, and, importantly, journalists who communicate the market’s value to the broader public.
“Achieving a $1 trillion economy is not merely an aspirational goal. It is a necessity for the prosperity and resilience of Nigeria.
“The capital market, as the financial backbone of our economy, is poised to drive this transformation,” Agama said.
He, however, said limited investor participation, regulatory bottlenecks and macroeconomic uncertainties were constraining the capital market’s full potential to achieve a $1 trillion economy. He said the challenges must be addressed to achieve the target.
