SEC and Finance Ministry Pledge Collaboration to Strengthen Capital Market
By Patience Ikpeme
The Minister of State for Finance, Dr. Doris Uzoka-Anite, has stated the Federal Government’s commitment to strengthening the Nigerian capital market to drive economic growth and contribute to national development.
During a meeting with members of the Securities and Exchange Commission (SEC) board, Dr. Uzoka-Anite revealed that the government has been mandated by President Bola Ahmed Tinubu to create a vibrant capital market that fosters wealth creation for Nigerians.
“If we are to achieve the renewed hope mandate of a $1 trillion economy, it has to be through the capital market,” she said. “It has to be private sector driven, and that private sector drive is the capital market.”
She assured the SEC board of the government’s full support in ensuring the commission realizes its full potential and contributes significantly to economic growth.
SEC Chairman, Mr. Mairiga Katuka, emphasized the need for strengthened collaboration between the SEC and the Ministry of Finance to create an enabling environment for sustainable growth in the capital market.
“The capital market is key in achieving the current administration’s Renewed Hope Agenda and harnessing available potentials in the market to boost national economic development,” Katuka said.
He highlighted the ongoing reforms within the SEC aimed at achieving world-class status and maintaining its position as a leading regulator. He expressed confidence in the board’s commitment to supporting the government’s economic diversification and financial inclusion agenda.
This meeting underscores the importance of strong collaboration between the SEC and the Ministry of Finance in fostering a vibrant and resilient capital market that can drive economic growth and contribute significantly to the development of the Nigerian economy.
