The Securities and Exchange Commission (SEC) is set to enhance financial literacy among state governments across Nigeria, highlighting the benefits of capital market investments.
Speaking in Abuja during a meeting with the World Bank Group and the International Finance Corporation (IFC), SEC Director General Dr. Emomotimi Agama emphasized the need for states to leverage investment strategies, regulatory frameworks, and financial markets to drive economic growth.
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Dr. Agama underscored the potential for industrial expansion, job creation, and wealth generation through capital market participation.
"Imagine setting up factories that produce export goods, generating foreign exchange and employment," he said.
SEC's initiative will begin with a northern state's Executive Council, where officials will outline investment opportunities.
The Commission also plans to develop simplified guides, reports, and case studies to assist states in raising capital through bonds and attracting investors.
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