The Securities and Exchange Commission (SEC) is calling on Government-Owned Enterprises (GOEs) to list on the Nigerian Exchange Limited (NGX) as part of President Bola Tinubu’s Renewed Hope Agenda. SEC Director General Dr. Emomotimi Agama announced this in Abuja, stressing that such listings would enhance democratization, inclusiveness, and wealth creation for Nigerians.
Agama pointed out that inclusivity is essential for fostering ownership and collaboration in developing the nation’s industries. He indicated that the SEC plans to provide various incentives to encourage GOEs to list their securities, emphasizing that listing strengthens control rather than undermines it.
Moreover, the SEC aims to educate managers of GOEs on the advantages of listing and streamline the process to improve efficiency. This includes reducing the time needed to go to market and offering a reliable timeline for listing. The SEC is also utilizing technology to attract younger investors and promote inclusion in the capital market.
These initiatives are intended to create a more dynamic capital market that benefits both GOEs and the wider Nigerian economy.