Stakeholders discuss how 2020 budget, finance act can grow capital market -

Stakeholders in the Nigeria capital market are currently in the nation’s largest city to discuss how they can leverage the 2020 budget and the finance act for the growth of the Nigerian capital market.

The seminar, which is the fourth in its series organised by the Securities and Exchange Commission (SEC).

The SEC regulates the capital market and has the mandate to protect investors in the market.

“The last 12 months have been a challenging and difficult period for our economy, the markets and by extension the SEC,” said Mary Uduk, acting Director-General, SEC.

“Despite revenue challenges and competing demands, SEC successfully implemented key programmes and projects, achieving milestones. The SEC is poised to build on the gains of 2019 with a renewed focus on resource optimisation and execution of prioritized initiatives in the coming year”, she added.

“This is no time for apathy but time for vigorous and positive actions”, said Suleyman Ndanusa, who was Director-General, Securities and Exchange Commission and also served as Chairman of Board of SEC.

Afolabi Olowokere, head of economic research, SEC in his presentation takes participants through on the theme of the 2020 budget seminar.

SEC says infrastructure development key to Nigeria’s growth

By Iheanyi Nwachukwu • February 13, 2020

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.