The Securities and Exchange Commission SEC has said that the issuance of green bonds has further cemented the role of the capital market in supporting Nigeria’s transition to a low-carbon economy, addressing both infrastructure and environmental sustainability.
Director General of SEC, Dr Emomotimi Agama, who made this statement in Lagos at Journalist Academy organised by the Commission said that beyond government financing, the capital market is a vital enabler of private sector growth.
He said that companies in Nigeria have utilised the market to raise capital, expand operations, and compete globally
Citing MTN as example , he said “MTN Nigeria during its offering in 2021 attracted significant local investor participation, broadening its shareholder base while showcasing the strength of our market.
He said the listing of firms like Dangote Cement and BUA Group underscores how the capital market supports industrial growth and job creation.
He explained that the growth of market capitalization to N60 trillion on December 13, 2024 was a testament to the growing role of the private sector in driving national economic outcomes.
