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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. 
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