SEC Delivers New Year Message to Operators and Stakeholders in the Nigerian Capital Market

Mary Uduk, Acting Director-General of SEC Nigeria

January 6, 2020/SEC

Happy new year to you all.

 

On behalf of the Board, Management and Staff of the Securities and Exchange Commission Nigeria, I would like to sincerely thank all Capital Market Operators and Stakeholders, for your immense efforts and contribution towards developing the Nigerian Capital market.

The year 2019 saw us record tremendous results in a number of initiatives largely derived from the 10-year Capital Market Master Plan. These initiatives have helped make the market more attractive, efficient and properly positioned to harness its true potentials. Through the implementation of interventions such as the Electronic Dividend Mandate Management System (E-DMMS) and the Identity Management System, we have made reasonable success in reducing the huge quantum of unclaimed dividends.  

As we journey through the Fourth Industrial Revolution, we have developed a roadmap to guide the industry towards innovation, and embrace a technology-driven approach in the regulatory oversight of our market.

These landmarks would not be possible without our collective resourcefulness and relentless efforts. The Commission values and appreciates the selfless service and dedication that the capital market community and its stakeholders have invested in various Committees and Teams.

The new year 2020, which also signifies the commencement of a new decade, will see us embark on a number of programmes geared towards taking our market to lofty heights. I enjoin us all to see this as a call to renew our passion and commitment to building the capital market of our dreams: a world-class capital market – founded on the values of partnership and cooperation that has helped us stand the test of time. The capital market of our dreams can only be achieved through harmonious partnership and our continuous cooperation.

Thank you for the success of 2019 and I enjoin us all to be committed to the Nigerian Capital Market Project. It is time to make all the difference and to make our vision a reality. Happy New Year 2020.

Mary Uduk, FCIB, FCS,

Acting Director General,

Securities and Exchange Commission, Nigeria

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