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The Securities and Exchange Commission (“the Commission”) on Monday July 8, 2024 marked another significant milestone with the inauguration of its Board at the Federal Ministry of Finance, Abuja.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun who conducted the inauguration, congratulated the Board Members on their appointment by His Excellency, President Bola Ahmed Tinubu, GCFR.

The Minister expressed excitement at the composition of the Board, stating that members were appointed into their respective roles after a thorough selection process. He encouraged members to be fully committed, enterprising and open to innovation. He also urged the Board to adopt the highest corporate governance standards and practices.

The Minister stated that there had been significant advancements in the use of Financial Technology. He added that with the increased trading of Virtual/Digital assets among others, it was imperative for the regulator to accept the challenge of regulating novel initiatives and upscale its capacity in order to be in a position to provide the required guidance and approvals.

In his remarks, the Chairman of the Board, Mr. Mairiga Katuka assured the Minister that the new Board would harness their individual and collective expertise and competencies to provide strong leadership within the Commission and drive the desired multifaceted growth in the Nigerian capital market.

The Chairman further stated that in tandem with the Renewed Hope Agenda of the current administration, he was optimistic about the future prospects of Nigerian capital market, reiterating that with a shared sense of purpose and diligence, Nigerians could look forward to a more prosperous and resilient financial ecosystem.