Agama Pledges To Reposition Nigeria’s Capital Market, Boost Economic Growth, As Senate Clears For SEC DG

Dr. Emomotimi Agama, on Monday said his mandate as Director-General of Nigeria’s Securities & Exchange Commission (SEC) is to change the narrative of the nation’s capital market and reposition it on the path that would boost economic growth.

Agama, was cleared by the Nigerian Senate as the Director-General of the commission, following his nomination by President Bola Tinubu on April 19 this year to replace Lamido Yuguda, noted that the commission would implement innovative polices and programmes that will create world-class companies in such a way that will ensure redistribution of wealth.

Speaking shortly after his confirmation, Agama, a technocrat and insider of the commission said he will accelerate the development of the capital market in a manner that would boost wealth creation, attract investments and create jobs for Nigerians.

The Executive Commissioners who were  cleared are: three Executive Commissioners namely: Frana Chukwuogor, Legal and Enforcement; Bola Ajomale, Operations; and Mrs. Samiya Usman, Corporate Services.

The new SEC DG, who spoke after his screening by the Senate Committee on Capital Market, chaired by Senator Osita Izunaso, assured that he and his team of three executive commissioners “are bringing on board innovation, development. We are going to change the narrative of the Nigerian capital market. We are going to turn it around. That is the essence of our appointed by Mr. President. With this team, we assure Nigerians that we’re going to do the best that the President has the desire to do.

“So, we should all wait to see what is going to happen. Our desire is to move this market forward. And to help in achieving the President’s $1tn economy in the shortest possible time.

“Yes, the President is going to be a year in office in a few days. That is remarkable because as an anniversary giver, the President has given us to Nigerians to do the best to change the market,” he added

Agama’s appointment has been hailed by capital market stakeholders who described him as a technocrat that would boost the birthing of the Tinubu administration’s $1 trillion economy.

Continuing, Agama said: “you must understand that the capital market is actually the barometer of any economy. And without a strong capital market, then, of course, the economy will not do very well. The intention of this management is to make sure that we mainstream the capital market in the Nigerian economy.

“And in doing that, we’re going to be able to provide employment, change the narrative, and create companies that are going to be top world-class companies in such a way that there will be what we call redistribution of wealth.

“The President has an intention to change the lives of Nigerians. And the capital market is one of the vehicles that the President intends to use to achieve that. That is why the President has set up a team like this to be able to do that,” he stressed.