The Securities and Exchange Commission, SEC, says it is working to revitalise the commodities market.
The commission also restated its commitment to partner with relevant government agencies and the private sector to attract more needed investments to the country.
SEC’s Director-General Ms Mary Uduk, made this known while receiving the Executive Secretary of the Nigerian Investment Promotion Commission, NIPC, Ms. Yewande Sidiku in Abuja.
The Acting Head of Media, SEC, Mrs Efe Ebelo, in a statement quoted Uduk as saying the collaboration was part of efforts to further boost the economy.
She said: “There are opportunities in the Commodities market and we need to scale up participation in that regard to attract investors.
“And we will require the collaboration of the NIPC in that regard.
“Various opportunities abound in the capital market, that is why we are exploring avenues to attract states to come to the market and raise funds for infrastructural projects.
“We are happy to partner with you to make the market and the country richer and better,” Uduk said.
The NIPC Executive Secretary in her remark said the commission was committed to ensuring that the nation had the required business climate to attract both foreign investors and Nigerians in the Diaspora.
She disclosed that the commission was visiting different states to explore investment opportunities, especially.
Sidiku said NIPC was paying attention to some investments that were started by states which have gone moribund and finding ways to revitalise them.
“There are many investment opportunities in the states and what we have done now is to design a platform for profiling such investment opportunities.
“Part of the strategy is to enlighten the state officials as it is important to ensure the states are ready for the investors,” said.
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The NIPC Executive Secretary pointed out that incentives were being put in place by the commission to make it easier for investors to come saying it was the mandate of the commission to encourage investors.
She called for collaboration between SEC and NIPC since their responsibilities run along the same line.
“The work that we do is connected to the work of the SEC; we encourage investors to come while the SEC is here to protect the investors.
“That is why we need to collaborate. We are happy to work with the SEC to further grow our economy,” she added.
