SEC Advocates More Reforms In Power, Agricultural Sectors

The Securities and Exchange Commission (SEC) has called for more reforms in the power and agricultural sectors of the country to encourage more participation of the private sector in the economy.

SEC made the call during a seminar with the theme ‘Leveraging 2020 Budget and Finance Act for the Growth of the Nigerian Capital Market’ in Lagos on Thursday.

According to the market regulator, the power and agricultural sectors are key sectors where in-depth partnership with the private sector is needed to rally domestic resources, create quality jobs and lift people out of poverty”.

Participants also recommended provision of a conducive business environment and credit enhancements for the Small and Medium Scale Enterprises (SMEs) to thrive, since the SME sub-sector is one of the critical pillars for economic growth and national prosperity.

The commission also said there was a need to create offset losses in investments in the Nigerian capital market adding that it had an implication on market liquidity and efficiency.