• Thursday, May 23, 2024
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Infrastructural deficits, others top agenda as SEC hosts WACMaC 2023

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The need to tackle the infrastructure deficit in the West African sub-region as well as embrace principles of sustainable finance to promote economic development are some of the issues to be discussed as the Securities and Exchange Commission (SEC) hosts the 3rd biennial West Africa Capital Market Conference (WACMaC) 2023.

The conference with the theme “Infrastructural Deficit and Sustainable Financing in an Integrated West Africa Capital Market” will be held in Lagos next month.

Lamido Yuguda, Director General, SEC, who is also Chairman of the West Africa Securities Regulators Association (WASRA), in a Press Release, said the conference was jointly hosted by WASRA, the Economic Community of West African States (ECOWAS), the West Africa Capital Market Integration Council (WACMIC), and the West African Monetary Institute (WAMI).

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According to Yuguda, “This year’s conference is particularly significant as over 300 stakeholders will convene in the vibrant city of Lagos at the Eko Hotel & Suites from October 25- 26, 2023 to discuss the general theme “Infrastructural deficit and Sustainable Financing in an Integrated West Africa Capital market.

‘’The WACMAC 2023 provides us with a unique platform to engage in meaningful discussions, share insights, and forge partnerships that will help shape the future of our capital markets, we have brought together a distinguished array of experts, regulators, policymakers, and industry leaders who will share their knowledge, experiences, and strategies to proffer solutions to the region’s infrastructure deficit,” the Director General said.

Yuguda added that the deficit posed a significant challenge to the region’s sustainable development adding that to address this gap, there is a growing need to adopt innovative financing mechanisms, and sustainable financing options to mobilise the desired funds to meet the region’s critical infrastructure needs, foster economic growth, and achieve sustainable development goals.