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SEC Advocates Infrastructure Financing Through Capital Market

The Securities and Exchange Commission (SEC) last week restated that the Nigerian capital market has the capacity to provide the long-term funds needed to solve the infrastructural challenges in the country.

Director, Securities & Investment Services Department of SEC, Ms. Mary Uduk, stated this while speaking at the 17th Annual Stockbrokers’ conference organized by the Chartered Institute of Stockbrokers (CIS) in Lagos.

Speaking on the theme, “Regulatory Requirements in Infrastructural Development through the Capital Market,” Uduk said infrastructure deficit of the country could only be solved through the bond market.

According to her, the capital market offers long-term vehicle, which could be accessed through equities, bonds or mortgage bond securities.

She declared that the government could not finance the infrastructure deficit through revenue allocation only.

SOURCE


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