SEC unveils 10-year capital market master plan

The Securities and Exchange Commission, SEC, has unveiled its 10-year capital market master plan, which is aimed at ensuring the growth of the Nigeria capital market.

Speaking at the 4th capital market committee retreat in Abuja, the Director General, SEC, Ms Aruma Oteh, said that the master plan which is meant to cover the 10year period from 2015-2025, is aimed at increasing the depth of the capital market and increasing foreign investment, adding that the plan will ensure diversifying source of fund for the country.

Reeling out the plans for the capital market and how it will impact on the economy, Oteh, said the capital market is being reform to meet world class standard and create enabling environment for diversification of investment to the capital market, while the plan will guide the running of the capital market and be more accessed by all Nigerians.

Presenting the non-interest capital market plan, chairman of the committee, Hajara Adeola, said the master plan will build capacity of stakeholders, while ensuring mass entry into capital market.