SEC Collaborates With Stakeholders To Make Nigeria Africa’s largest Economy by 2025 

The Securities and Exchange Commission (SEC) is hosting an international conference on how Nigeria can become Africa’s largest economy by 2025.

The acting Director-General, Mary Uduk stated this in a statement on Monday, noting that the conference will bring together relevant stakeholders from within the country and from the international community  to discuss issues pertaining to the commodities ecosystem in Nigeria.

Scheduled for March 16 and 17, 2020 at Transcorp Hilton Hotel, Abuja, the conference would focus on how to create enabling environment for all players , as well as push for high level developmental sructures. 

“We believe that if we can develop a vibrant commodities trading ecosystem in Nigeria, we can substantially address lack of storage, poor pricing, non-standardisation and low contribution of foreign exchange affecting our commodities sub-sector”. 

Uduk, however, noted that Nigeria was still challenged in the area of transiting from an informal commodity trading system to one consummated on the platforms of commodity exchanges.

She said if the country pays adequate attention to agriculture, it would enhance food security, create jobs and facilitate production of raw materials for agro-processing. 

Uduk pointed out that the capital market must operate at optimum level, even as the implementation of its 10-year master plan remained a priority.

Special guests expected at the event include Minister of Finance,Zainab Ahmed, Minister of Trade and Investment, Niyi Adebayo, Minister of Agriculture and Rural Development,Sabo Nanono and Chairman Senate Committee on Capital market, Senator Ibikunle Amosun.