SEC to inaugurate 10-year capital market master plan in November

The Securities and Exchange Commission (SEC) said, in a statement issued by its Head of Public Relations Unit, it had concluded plan to inaugurate  a 10-year capital market master plan aimed at ensuring the guided growth of the Nigerian capital market in November.

Yakubu Olayele,  SEC’s Head of Public Relations Unit, stated that it’s Executive Commissioner, Corporate Services,  Zakawanu Garuba, made this known at the ongoing International Organisation of Securities Commissions (IOSCO) annual meeting in Rio de Janeiro, Brazil.

Garuba said the master plan, meant to cover the 10-year period from 2015 to 2025, was aimed at increasing the depth of the capital market and increasing foreign direct investment.

He said that the master plan was also aimed at diversifying the sources of capital, among others.

The executive commissioner said that basically, the reason for the master plan was to enable all concerned parties in Nigeria’s capital market to plan ahead.