Osita Izunaso, the Chairman of the Senate Committee on Capital Market and Institutions, has affirmed the Senate’s dedication to enacting legislative reforms aimed at propelling the Nigerian capital market to greater heights.
During the Committee’s visit to the Nigerian Exchange Group (NGX Group), Izunaso stressed the crucial role of the capital market in fostering economic prosperity and urged stakeholders to collaborate towards common goals.
He stated: “We are going to look at all the legislative frameworks in the National Assembly waiting for amendment in one form or the other. We are going to review the Investment and Securities bill before us, the CIS bill, as well as revisit the Private Companies Conversion and Listings (PCCL) Bill that has been in the National Assembly since 2014 and other legislation that would drive the market. “
Additionally, Izunaso emphasized the importance of aggressive public enlightenment on the benefits of investing in the stock market. He highlighted the significance of these legislative interventions in incentivizing companies to list on the Exchange.
Furthermore, the Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda, assured NGX Group of strengthening its regulatory framework aimed at supporting the Exchange and deepening the market.
