The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has announced several new initiatives designed to reduce the time to market and enhance efficiency within Nigeria’s capital market. Speaking in a recent interview, Agama outlined that these measures include streamlined registration processes, the introduction of an electronic filing system, and updates to regulatory frameworks.
The primary goal of these initiatives is to promote economic growth and development by facilitating quicker access to capital. Agama emphasized that reducing the time to market can significantly benefit the capital market in multiple ways. Notably, it can increase market liquidity, allowing companies to list faster and access capital more efficiently. This efficiency is expected to lead to better resource allocation by firms and drive overall economic growth.
Additionally, Agama highlighted that a shorter time to market would bolster investor confidence. He noted that when listing processes are streamlined and efficient, it enhances trust and confidence among investors, which is crucial for a robust and attractive capital market.
The SEC’s efforts to improve market efficiency align with broader goals of fostering a dynamic and responsive financial environment that supports both investors and companies alike.
