SEC Strengthens Commodities Exchange Through Collaboration
The Securities and Exchange Commission (SEC) has reaffirmed its dedication to transforming Nigeria’s commodities exchanges into engines of economic growth, job creation, and poverty alleviation. ️
Key Highlights:
1. Collaboration and Development
SEC Director General, Dr. Emomotimi Agama, emphasized the importance of partnerships, capacity building, and infrastructure development to sustain the commodities market. He assured stakeholders of the commission’s commitment to innovation and sustainability.
2. Role of Commodities Exchanges
Commodities exchanges in Nigeria provide a structured and transparent platform for buying and selling. They help mitigate risks, stabilize prices, reduce post-harvest losses, and improve market access for farmers and traders.
3. SEC’s Vision and Efforts
SEC’s vision includes creating an enabling environment, protecting investors, and developing strategies to elevate the commodities market. The establishment of the Commodities Ecosystem Technical Committee over a decade ago reflects its long-term commitment to this sector.
4. Nigeria’s Commodity Potential
As a commodity-rich nation, every Nigerian state possesses commercial quantities of resources. SEC is working to build an ecosystem that leverages this potential for economic prosperity and equal opportunities across the value chain.
5. Upcoming International Conference
SEC plans to collaborate with the Federal Ministry of Trade and Investment to host the second International Commodities Conference later this year, aiming to expand opportunities in the sector. ️
Quote:
“Nigeria is a commodity-based economy. We must tap into the opportunities in this space to bolster our economy,” said Dr. Agama. ️
By fostering collaboration and innovation, SEC aims to position commodities exchanges as pivotal players in Nigeria’s economic development.
The Securities and Exchange Commission (SEC) has reaffirmed its dedication to transforming Nigeria’s commodities exchanges into engines of economic growth, job creation, and poverty alleviation. ️
Key Highlights:
1. Collaboration and Development
SEC Director General, Dr. Emomotimi Agama, emphasized the importance of partnerships, capacity building, and infrastructure development to sustain the commodities market. He assured stakeholders of the commission’s commitment to innovation and sustainability.
2. Role of Commodities Exchanges
Commodities exchanges in Nigeria provide a structured and transparent platform for buying and selling. They help mitigate risks, stabilize prices, reduce post-harvest losses, and improve market access for farmers and traders.
3. SEC’s Vision and Efforts
SEC’s vision includes creating an enabling environment, protecting investors, and developing strategies to elevate the commodities market. The establishment of the Commodities Ecosystem Technical Committee over a decade ago reflects its long-term commitment to this sector.
4. Nigeria’s Commodity Potential
As a commodity-rich nation, every Nigerian state possesses commercial quantities of resources. SEC is working to build an ecosystem that leverages this potential for economic prosperity and equal opportunities across the value chain.
5. Upcoming International Conference
SEC plans to collaborate with the Federal Ministry of Trade and Investment to host the second International Commodities Conference later this year, aiming to expand opportunities in the sector. ️
Quote:
“Nigeria is a commodity-based economy. We must tap into the opportunities in this space to bolster our economy,” said Dr. Agama. ️
By fostering collaboration and innovation, SEC aims to position commodities exchanges as pivotal players in Nigeria’s economic development.