The general director of the Bag and Securities Commission (SEC), Dr. Emomotimi Agama, has reaffirmed the commitment of the Commission to deepen transparency, strengthen the confidence of investors and align the capital market of Nigeria with international best practices in financial reports and disclosure of sustainability.
Dr. Agama said that the transition of the SEC to the market of the sec to the market to the market (MTM) represents an important step to guarantee fair value reports and improve the confidence of investors throughout the market.
He explained that the policy was designed after broad consultations with market operators and would be implemented in phases to allow an adaptation without problems.
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“The deadlines have been carefully considered, especially with the concerns raised by market participants,” Agama said in an interview on the weekend.
“For us in the SEC, it is important that, although we present new regulations, we also listen to the market and find a common land that allows everyone to advance,” added Agama.
According to him, the deadline of October 2, 2025 for the presentation of the implementation plans will allow the commission to evaluate the preparation of the institutions, while September 2027 remains the objective for the complete transition to the NUEG 9 standards.
“Requesting implementation plans is not a bureaucratic exercise,” said Agama, explaining that “it is to measure institutional capacity, identify challenges and ensure that all operators move in the same direction towards compliance.”
He explained that, although capital funds in Nigeria are already reported at fair value, the new policy specifically addresses the gaps within the fixed income segment of the fund management industry.
“Nigeria has reached the age of majority, and we must do things according to world standards. IFRS 9 requires the assessment of market market assets, and we cannot be left behind among the community of nations,” he said.
Dr. Agama emphasized that the reform would cause Nigerian assets to be more comparable worldwide, allowing investors to better evaluate market performance and risk.
“Our goal is to create a market that is internationally competitive. The adoption of IFRS 9 allows compatibility between assets through borders and firmly positions Nigeria within the global investment ecosystem,” he said.
Responding to concerns that market assessment could increase short -term volatility, the Chief of the SEC assured investors that the reforms were designed to strengthen, not destabilize the market.
“Some have expressed concern about volatility, but our intention is not disadvantage to investors. Over time, as the market fits, transparency will generate long -term confidence,” he said.
Beyond the IFRS 9, the SEC is also defending the early adoption of Nigeria of the framework of the International Board of Sustainability Standards (ISSB), which provides guidelines for climatic and sustainability revelations. Dr. Agama revealed that Nigeria is among the first countries of Africa to adopt and start implementing ISSB standards.
“We are proud to be the first engines. However, we are also aware of local realities. We are adopting a gradual and balanced approach so that companies are not unduly charged,” he said.
He explained that the objective of the commission is to implement standards that attract capital instead of restricting it, ensuring that reforms promote sustainable growth.
“We will not implement standards that block companies out of access to financing. Our goal is to open the door to capital and promote long -term investment,” he said.
Looking towards the future, Dr. Agama expressed optimism about the market prospects for the last quarter of 2025, citing macroeconomic reforms and the promulgation of historical laws such as Niira 2025 and ISA 2025 as catalysts for investor confidence and market stability.
“The markets thrive in stability. With the micro and macroeconomic reforms defended by President Bola Ahmed Tinubu, the market is positioned for significant expansion. The Niira 2025 law is a change of game that provides the framework for sustainable growth,” he said.
Dr. Agama said that the ongoing reforms of the SEC, including the transition of IFRS 9 and the adoption of sustainability standards, are part of a broader agenda to globalize the Nigeria capital market, improve regulatory transparency and promote the creation of inclusive wealth.
“We are on a path of progress. The president’s reform agenda is already taking shape, ensuring that the Nigerian capital market becomes a global reference point for transparency, investors confidence and good governance,” added Agama..
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