The Securities and Exchange Commission (SEC) has called on State-Owned Enterprises (SOEs) to list on the Nigerian Exchange as part of President Bola Tinubu’s Renewed Hope Agenda.
SEC Director General Dr. Emomotimi Agama highlighted that listing SOEs would promote democratization, inclusiveness, and wealth creation for Nigerians. He emphasized that inclusivity fosters ownership and unity, urging SOEs to embrace the listing process.
Dr. Agama assured that the SEC would offer incentives to encourage SOEs to list their securities, and would provide education to those managing these institutions to clarify that listing enhances, rather than diminishes, control.
The SEC is committed to reducing the time to market for companies, leveraging technology to drive inclusion, and supporting the development of apps and FinTech tools. Dr. Agama stressed that these efforts aim to provide a seamless and enjoyable investing experience, rejuvenating the Nigerian capital market.