Capital market key to national development – New SEC chairman  

By Tola Akinmutimi

He made the remarks during the maiden meeting of the new board with members of staff of the commission in Abuja, Thursday, charging the staff of the capital market regulatory institution to do their best to achieve this objective.

He said: “Everyone is aware of the very important roles capital markets play. We need to attract investments to develop our country and each one of you play a critical role in that regard.

“We are happy to be here and we are going to enable you do your well so that together we can find solutions to our challenges. We are going to learn, brainstorm and work together to move the capital market forward”.

He said the nation needs investments in order to be able to attain its developmental goals, adding that the capital market plays a huge role in that respect, he, therefore, urged the staff of the Commission to work with the board to achieve this.

“We need to see how we can move forward to have a more orderly market, a market that is fair and transparent and can attract investments to build Nigeria. We need a market that is attractive to investors, both local and foreign.

“We aspire to have a capital market where the rules are enforced and where the public who invests are all protected. We need to reinforce public trust. I, therefore, enjoin everyone to help us towards building a capital market that this country deserves”, the chairman added.

Lijadu assured that the board members would work vigorously with the management to build a capital market that will operate on global best practices Nigerians.

He recalled that there had been incredible progress in the nation’s capital market in the last 20 years, pointing out that there is an urgent need now to move fast leveraging on technology in order to make the bourse among the best globally.

Lijadu, who thanked the staff for the reception of the new board members, promised that the board would be guided by the knowledge, capacity and ability of staff to proffer solutions in making the Capital Market one of the best in the world.

In his comments,  Musa Dakup, who represented the chairman Association of Senior Civil Servants of Nigeria (ASCSN), SEC branch, Comrade Nelson Oleghe pledged the support and commitment of all staff to the realization of the objectives set by the new board.