The Securities and Exchange Commission Wednesday began a three day Capital Market Committee (CMC) retreat with a focus on creating wealth and opportunity for ordinary Nigerians.
In her welcome remarks at the 4th Annual Capital Market Retreat in Abuja, the Director General of SEC, Ms Arunma Oteh disclosed that part of the focus of the retreat was the unveiling of a master plan to serve as a guide for capital market operators in the next 10 years.
She said it was her wish for participants to come up with ideas that can improve the economy through capital market operations.
Her words: “I think this is a great time to think about creating wealth and opportunities not just in Africa but all over the world. Even when there is growth it is important that it touches on every one of us particularly the ordinary persons. It’s a big issue for our country as well as other countries.
“Therefore, I hope that through the work that we will do over the next few days that we will really come up with specific ideas about how we can actually create wealth and opportunity for individual Nigerians.
“We also hope that the work that we will do today, will help us leverage on what we have done in the last year on the master plan because it is good that we have a guide over the next ten years as seen in the experience of Malaysia as to how they doubled the size of the markets as a result of the first master plan from 2011-2012,” she said.
On the importance of generating a 10 year master plan, Oteh said the innovation, if well utilized would lead to a positive transformation of the Nigerian economy.
“This new venture is even more important for us as we continue to look for ways that we can make sure we transform society by focusing on what is important which is really supporting the real sector and those who are making a difference.
“One of the things I find that is particularly unique about the CMC 4 retreat is that it focuses on the capital market master plan on what would be our guide for the next 10 years. For me, seeing where we are now; where there is a value around the capital market in transforming the economy, where there is an alignment as to what we can do as a community to make sure that we can help Nigeria realize its potential,” she said.