To create wealth for Nigerians, the Securities and Exchange Commission (SEC) is poised to provide incentives aimed at encouraging State-Owned Enterprises (SOEs) to list on the Nigerian Exchange, aligning with the Renewed Hope Agenda championed by President Bola Tinubu.

SEC Director General, Dr. Emomotimi Agama, said the inclusion of SOEs in the stock market would democratise their operations, foster inclusivity, and create wealth for Nigerians as citizens become part owners of government establishments through investing in their listed shares.

“Inclusivity is critical because it fosters a sense of ownership, enabling us to collectively build our industries and the nation,” Agama stated during a recent interview in Abuja.

The SEC boss pointed out that listing on the Exchange would not diminish the authority of those managing the institutions but rather empower them further. “It amplifies collective strength, for we believe in the time-tested maxim: united we stand, but divided we fall,” Dr. Agama emphasised.

As part of the incentive to onboard new listings, the Commission had before now disclosed an initiative to streamline the listing process, reducing the time to market and providing assurances to potential issuers.

“We are committed to ensuring a predictable and transparent timeline, supported by the SEC,” Agama said. In addition, the Commission has deployed technological advancements to drive market expansion, embracing digital platforms, such as FinTech applications and the recently launched e-offering platform to attract a younger demographic to the capital market.

“We want to transform the investment experience, making it accessible and enjoyable for all,” Agama stated.