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· The African Development Bank Group recently signed a US $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments
· The funds will be used for strengthening the risk-based supervision framework and regulation of derivatives and green bonds
· The project will support the implementation of the SEC’s Nigeria Capital Market Master Plan 2015-2025, which is targeting to position Nigeria’s stock market as a competitive and attractive destination for portfolio investments
The African Development Bank Group recently signed a US $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The funds will be used for strengthening the risk-based supervision framework and regulation of derivatives and green bonds.
Nigeria is working on measures to stimulate capital market development to unlock financial resources for productive sector investments, infrastructure development and private sector growth. Experts feel that at a time when countries are striving to come out from the ravages of the COVID-19 pandemic, improvement of the enabling regulatory and supervision framework will boost domestic resource mobilization efforts. It will also leverage private sector contributions to achieve a greener, more environmentally sustainable and inclusive post-pandemic recovery,” Barrow said.
The project will support the implementation of the SEC’s Nigeria Capital Market Master Plan 2015-2025, which is targeting to position Nigeria’s stock market as a competitive and attractive destination for portfolio investments.
