THE Securities and Exchange Commission, SEC, has charged operators to ensure that they adopt best practices to deepen the capital market in order to achieve increased economic development in Nigeria.
Addressing members of the association of Stock broking Houses of Nigeria (ASHON) in Abuja last weekend the Ag. Director General of SEC, Ms Mary Uduk, noted that a well-functioning capital market is essential to Nigeria’s economic development, adding, “to realise its full potential, the country must have a world class capital market that is strong, sustainable, effective, and plays a central role in economic development.”
Uduk commended members of the group on their efforts so far in deepening the market especially for their support towards the financial literacy campaign of the SEC and assured them of the readiness of the SEC to continue to work with them.
Speaking earlier, Chairman of ASHON, Chief Onyewechukwu Ezeagu, pledged the commitment of the group to the growth of the capital market, adding that whatever is done to make the market work is of concern to the association.
“We have always worked with SEC and will continue to do so and accord you all the co-operation you require to succeed,” Ezeagu said.