The Director General, Securities and Exchange Commission , Mr. Lamido Yuguda has stated that the capital market regulating body is working to develop products targeted at making the market attractive to the younger generation in a bid to further deepen the market.
“That is why we are improving our Know Your Customers;we are improving so many things to make it easier for them. That is why we are introducing these Fintechs. We are allowing these Fintechs to come because we see the Fintech as an important gateway for youths to enter the market. We are conscious of that and we are working towards it.”
He further stated that the SEC is working to ensure that the commodities market gets all the support required to grow and support the economy. Umeano stated that because there is good price discovery, people can now ascertain what they can get if they farm a particular produce within a particular period. That is what the value chain that commodities segment of the market is opening up.
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