The Senate Committee on Capital Market has approved Dr. Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC), along with other nominees.
The Committee, chaired by Senator Osita Izunaso, also cleared Frana Chukwuogor as Executive Commissioner, Legal and Enforcement; Mr. Bola Ajomale, Executive Commissioner, Operations; and Mrs. Samiya Usman, Executive Commissioner, Corporate Services.
President Bola Tinubu appointed Agama on April 19, 2024, to succeed Mallam Lamido Yuguda.
Following his confirmation, Agama expressed his commitment to accelerating the development of the capital market to enhance wealth creation, attract investments, and generate employment opportunities for Nigerians.
“We are bringing on board innovation and development. We are going to change the narrative of the Nigerian capital market and turn it around. This is the essence of our appointment by Mr. President. With this team, we assure Nigerians that we’re going to do our best to achieve the President’s vision,” Agama said.
Agama emphasized that the capital market is the barometer of the economy and pledged to implement innovative policies and programs that will create world-class companies and ensure wealth redistribution.
“The intention of this management is to mainstream the capital market in the Nigerian economy. In doing that, we’re going to provide employment, change the narrative, and create companies that will be top world-class companies in such a way that there will be redistribution of wealth,” Agama explained.
He highlighted the President’s intention to use the capital market as a vehicle to change the lives of Nigerians and achieve economic transformation, affirming that the newly appointed team is committed to delivering on these high expectations.
In summary, Agama and his team are focused on driving the capital market towards economic growth, job creation, and the President’s goal of achieving a $1 trillion economy in Nigeria in the shortest possible time.
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