SEC wants more gov’t borrowing from capital market | Dailytrust

SEC wants more gov’t borrowing from capital market

Nigerian Securities and Exchange Commission (SEC) Tower in Abuja

The Securities and Exchange Commission, (SEC) has advised the federal and state governments to leverage more on capital market debts to drive infrastructure.

SEC said with the capital market funds, the governments have the capabilities to unlock enormous potentials through privatisation.

A statement from SEC said the Director General, Mr Lamido Yuguda, stated this on Tuesday at a webinar organised by the Nigerian Stock Exchange (NSE), in collaboration with the Nigeria Governors’ Forum (NGF) and the Nigerian Investment Promotion Council (NIPC) with theme ‘Privatisation in Nigeria and the Outlook for Subnational Economic Development’.

Represented by Mr Reginald Karawusa, Executive Commissioner Legal and Enforcement, Yuguda said there is indeed no better time to discuss alternative funding sources at the sub-national level than now given the adverse impacts brought about by the COVID-19 pandemic.