ISA will stimulate economic growth – SEC

The Securities and Exchange Commission (SEC) says the Investments and Securities Act (ISA) 2025 will be a game changer in the nation’s capital market with the potential to stimulate economic growth.

The Director-General of SEC, Dr Emomotimi Agama, said this in a statement made available to our reporter on Thursday in Abuja.

Agama said the new law would provide the commission with the opportunity to retain its signatory A status with the International Organisation of Securities Commission.

Agama described the law as significant which would allow other countries to benchmark the Nigerian SEC and capital market with other jurisdictions to drive friendly investments and investors.

He said the law would encourage the inclusion of the regulation of online forex for which a lot of citizens were involved in and the introduction of legislation that speaks to digital assets regulation.

“The commodities ecosystem is well featured in this law being able to provide regulation regarding the commodities ecosystem from the spot market onto the derivative market and the secondary market.

“We have also been able to remove by this law restrictions by states and local governments in their ability to raise capital and bring development to their states and of course municipal areas.

“So, this for us is very important,” he said.

Agama said the law would help to create a dynamic, inclusive and resilient capital market for the economy.

He reiterated the commission’s commitment toward moving the capital market and the country’s economy forward.