Further to its plan to make the Nigerian capital market the financial hub in Africa, the Securities and Exchange Commission (SEC) Monday inaugurated 10-year Capital Market Master Plan Committee , which will among others, articulate a development strategy for the Nigerian capital market.
The master plan covers key areas such as investor protection and education, professionalism,Vince Wilfork Jersey,Though from Lebanon, Home for Now is Kaduna, Articles, product innovation and expansion of the role of the capital market in economic development.
The committee, which is chaired by a past country Managing Director and Chairman of Accenture Nigeria, Mr. Adedotun Suleiman, is also expected to fashion out a plan that will drive all processes in the Nigerian capital market in the years ahead.
Speaking at the inauguration ceremony, Director General of the SEC,Cheap Patriots Jersey, Ms. Arunma Oteh,Wholesale Tom Brady Jersey, said the SEC was working hard to ensure the capital market help the Nigerian economy realise its potential.
She added the SEC decided to put up a 10-year capital market master plan because of its desire to make the Nigerian capital market a world-class market.
According to her, We are very committed to our plan to make the Nigerian capital market a world-class market. We take this committee seriously, that is why each of the sub-committee is sponsored by an executive commissioner of the SEC.
Meanwhile, the committee s terms of reference include: To review the implementation process of Nigeria s capital market: Making World Class Potential a Reality, and outline milestones yet unachieved.
Others are: Conduct a holistic review of peer emerging markets with a view to articulating the requisite element, size and structure of a capital market that will enhance the global competitiveness of the Nigerian capital market and catalyse Nigeria s potential to become the largest economy in Africa within the focused period.
The committee is also expected to: Examine successful growth strategies in other jurisdictions and consider relevant factors that impact market growth and develop a strategy for robust governance for improved efficiency, transparency and enhancement of market stability, make necessary recommendations with clear and actionable quarterly and annual milestones that will lead to a world class capital market which supports an inclusive economy and improves the living standard of Nigerians.