SEC, DMO to strengthen collaboration on Development of Bond Market

The Securities and Exchange Commission (SEC) and the Debt Management office Nigeria (DMO) have assured investors of greater collaboration to ensure that funds raised by State Governments from the Capital Market are properly utilized.

Director General of SEC, Mounir Gwarzo gave this assurance when the Director General of DMO, Dr. Abraham Nwankwo visited him in his office in Abuja on Wednesday.

Gwarzo said the utilization of funds raised from the market is very important hence the Commission has taken monitoring of the utilization of issue proceeds to the highest level, while restating the commitment of the Commission in implementing the 10 Year Master Plan one of whose key objectives is to revive and transform the Bond Market.

He renewed the commitment of both agencies in ensuring that they deliver maximally to the development of the economy using their limited platforms through closer co-operations among each other to achieve set objectives.