Investors in Nigeria have been urged to explore the various opportunities available in the capital market in a bid to grow their businesses, create wealth, and improve their standards of living.
Director-general of the Securities and Exchange Commission, Mr. Lamido Yuguda stated this at the Maiden Gombe State Investment Summit with the theme “Industrialisation: The Pathway to Innovation, Transformation, and Development of Gombe, held in the state capital, Wednesday.
The SEC DG disclosed that the capital market can play an enormous role in the growth of businesses as they could approach the market for primary offers as well as the secondary market, which smaller companies can also access due to the less stringent disclosure requirements.
What the regulator is saying
“The capital market is available to provide funding to businesses. With crowdfunding, a small business can raise money based on certain principles as the SEC has approved this to happen for a certain number of investors and a certain amount at a time.
“There are also huge opportunities available for businesses, especially agro-allied businesses. They can use the commodities market to access high-caliber customers that require Agric produce in large quantities. We have licensed six commodities exchanges in Nigeria and they are very active”