New SEC Chairman Pledges Transformation for Economic Growth

Abuja, Nigeria, July 9, 2024 — The newly appointed Chairman of the Securities and Exchange Commission (SEC), Mairiga Aliyu Katuka, has vowed to harness both individual and collective expertise while building upon past achievements to drive economic transformation within the commission.

Speaking at the inauguration ceremony of SEC board members held today at the Ministry of Finance, Federal Capital Territory (FCT), Abuja, Mr. Katuka expressed optimism about Nigeria’s economic future, attributing it to the policies initiated by the administration of President Bola Ahmed Tinubu.

“In line with the commission’s mandate to develop and regulate a fair and efficient capital market, we will leverage our expertise, innovation, and passion to foster growth. The board will pursue an agenda focused on investor interests, market integrity, capital formation, and regulatory oversight,” Mr. Katuka affirmed.

He highlighted the administration’s reforms including inflation management, social protection, macroeconomic stability initiatives, and enhanced private sector development, which he believes will spur economic growth.

Addressing stakeholders and the capital market community, Mr. Katuka assured them of collaboration, open communication, and mutual cooperation to bolster investor confidence and ensure a resilient capital market.

“To SEC staff, I pledge support for your growth, empowerment, and provision of necessary resources to excel. Together, we will implement policies marking a new era of innovation and progress in the commission and the capital market,” he declared.

Under the renewed hope agenda, Mr. Katuka expressed optimism for Nigeria’s securities markets, pledging diligence, integrity, and a shared sense of purpose to steer towards a prosperous financial ecosystem.

“We extend our gratitude to President Tinubu for this opportunity to serve. We commit to performing our duties responsibly and diligently, ensuring we do not disappoint,” Mr. Katuka concluded.

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