LAGOS, Nigeria (VOICE OF NAIJA)-The Director General of the Securities and Exchange Commission, Emomotimi Agama, has called on capital market operators to adopt green bonds and exchange-traded funds as essential tools for promoting growth and sustainability in Nigeria’s capital market.
In a statement issued by the SEC on Tuesday, he highlighted that these financial instruments are vital for driving investment toward environmentally sustainable projects, as well as enhancing market liquidity and investor participation.
Agama said, “From green bonds to social impact investing, from derivatives to exchange-traded funds, both from the conventional and the non-interest prisms, the spectrum of financial instruments available to investors is vast and diverse.
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“The world of financial instruments is constantly evolving, presenting both opportunities and challenges, and Nigeria must seize the opportunities presented by these advancements. Embracing technology, therefore, is paramount. Fintech solutions offer increased access to the capital market, streamlined transactions and enhanced transparency. By fostering a regulatory environment that encourages responsible adoption of these technologies, we can unlock their full potential and, indeed, the potential of our nation.”
Agama emphasized the critical role of technology, especially fintech solutions, in improving access to the capital market, streamlining transactions, and enhancing transparency.
stating, “The SEC aims to ensure that innovations in the capital market are guided by principles of sustainability, inclusivity, and ethical conduct, promoting not only wealth generation but also social and environmental responsibility.”
The SEC DG urged capital market stakeholders to focus on sustainability and ethical practices while adopting financial innovations.
He reaffirmed the SEC’s dedication to preserving market integrity, efficiency, and investor protection, highlighting that these core principles should underpin any market advancements.
Agama called for collaboration among market participants, investors, and issuers to develop solutions that promote sustainable development goals and secure a prosperous future for Nigeria.