Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has stated that the Commission will specifically seek the adoption of Block chain Technology to accommodate fresh brains in the capital market.
Dr. Agama, who disclosed this during a meeting with the Association of Capital Market Academics of Nigeria in Abuja, stated that the plan is to go all out to educate Nigerians, particularly the youth population, on the benefits of investing in the capital market, which he believes will lead to wealth creation and a higher standard of living for Nigeria ( block chain).
He said that the commission would shortly launch an intensive sensitization campaign to reach the majority of Nigeria’s population, particularly youngsters, in order to grow and deepen the capital market and attract more young people.
According to a Commission statement, he stated, “I am a major enthusiast in blockchain; we will strive to popularise, propagate, and try to support it because that is the investment interest of that demographic, and we must follow them up in accordance with section 13A of the ISA, which gives us the authority to regulate Investments and Securities business in Nigeria.”
“In this space, youth cannot be taken for granted. As much as we welcome innovation and are committed to market development, if we discover that Nigerians are in danger, we will not hesitate to intervene since failure to do so would entail abdicating our obligations. “We will do whatever it takes to protect investors.”
Agama revealed that the SEC intends to establish a capital market radio station with the goal of informing Nigerians about investing opportunities in the capital market (block chain).
Block chain
Earlier, Prof.Uche Uwaleke, President of ACMAN, told SEC Management that their jobs are well defined because the majority of them have been in the market for several years and thus understand the challenges and what needs to be done, all of which, he said, are well articulated in the Capital Market Master Plan. Prof. Uwaleke stated that, despite all odds, the Nigerian capital market has remained resilient and competitive. In recent years, there have been new asset classes, new platforms, and an overall improvement in market infrastructure.
