SEC to enhance infrastructure financing through capital market

The Director-General of the Securities and Exchange Commission, Lamido Yuguda has said that the commission’s focus will be how to encourage infrastructure financing through the capital markets in 2024.

The SEC DG during the third quarter post capital market committee press briefing held in Lagos stated thus:

The goal of the Commission in 2024 is to refocus attention on how we can stimulate capital market money into financing infrastructure. The president mentioned recently that a $1tn economy was possible in three years by 2026. And a $3tn economy is possible by the end of this decade, and I am one of those who firmly believe that this goal is possible.” 

“This country has what it takes to really do it. This is the direction of the government and this is what the Securities and Exchange Commission is doing to galvanise the market to help finance infrastructure. This is one area we focused on yesterday (at the CMC meeting), we actually set up a group to look at what we need to do to further this process” 

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