The Bag and Securities Commission (SEC) has emphasized the need for Nigeria to take advantage of its demographic dividend to advance financial inclusion through investments by 2030 or risk deepening inequality.
The general director of the SEC, Dr. Emomotimi Agama, announced this at the United Capital Asset Management Investment Forum that was held on Wednesday in Lagos.
Agama, in his opening speech entitled “Advance of financial inclusion through investments: unite the knowledge and the wealth gap of Nigeria,” said Nigeria must take advantage of his growing population to boost investment and narrow financial gaps.
“Our issue, advancing in financial inclusion through investments, is not aspirational; it is essential for national survival.
“We are at a fundamental time. By 2030, Nigeria can take advantage of his demographic dividend or face deep inequality. The wealth gap of knowledge is not simply an economic challenge; it is a moral imperative.”
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He explained that the concept of financial inclusion of the SEC should be reformulated as an active financial participation, where access complies with empowerment and capital becomes a tool for transformation.
Agama said that closing the gender gap of financial inclusion could get 700,000 Nigerians of poverty.
“Nigeria has a large population, but only a small fraction is involved in the capital market.
“That is one of the main causes of poverty, because we are avoiding the opportunities for wealth construction. We must act. Our market capitalization presents an opportunity, and we must all take advantage of it.
“We need to change the narrative and advance the market. We must participate significantly to make a difference.
“We are committed to protecting investors and developing the market.
“Our goal is to do the right thing, regardless of whose ox is rotated. We will operate according to the principles of equity and equity to transform the market and create equal opportunities for everyone to prosper.”
He stressed that MTN Nigeria's public offer attracted 150,000 new investors, 75 percent of which were women and 85 percent under 40.
Agama recommended a four -pillar strategy to join the gaps and listed the strategy of four pillars as democratization of financial knowledge, catalyze Mipyme's investment channels, combined finance vehicles: associate with the Bank of Industry (BOI) to withdraw loans for SMEs directed by women.
“We need to educate people about finance. As we drive this market, we do it for a purpose, I order everyone to be the disciple and the apostles. Obtaining this market so that it moves is a deliberate action, he added.
Nigerian tribe