New SEC Board Chairman Pledges to Transform Commission for Economic Growth

New SEC Board Chairman Pledges to Transform Commission for Economic Growth

The new Chairman, Securities and Exchange Commission (SEC), Mairiga Aliyu Katuka, has promised to harness individual and collective expertise while leveraging on past administration’s achievements to transform the commission for economic growth.

Mr. Katuka said the nation’s future economic outlook is prosperous given policies put in place by the administration of President Bola Ahmed Tinubu.

The chairman made this remark at the inauguration ceremony of SEC board members held today (Monday) at the Ministry of Finance, Federal Capital Territory (FCT), Abuja.

“In line with the commission’s dual mandate of developing and regulating a capital market that is fair and efficient, we shall harness our individual and collective expertise, innovation and passion to drive growth. The board wil pursue a comprehensive agenda aimed at advancing the interest of investors, safeguarding market integrity, promoting capital formation and enhancing regulatory oversight.

“The nation’s future economic outlook appears positive, driven by reforms put in place by the current administration including robust inflation management, social protection, macroeconomic stability initiatives and improved private sector development. These initiatives would undoubtedly engender economic growth.

“To the capital market community and all stakeholders, I assure you of our commitment to collaboration, open communication and mutual cooperation to enable us engender and sustain the much needed investors’ confidence without which a resilient capital market cannot be attained,” he said.

Mr. Katuka further expressed his commitment to supporting staff of the commission while also appreciating President Tinubu for the opportunity to serve.

“To the commission’s staff, I pledge that this board would support your growth, empower your creativity and provide the necessary available resources to enable you to excel in your respective roles.

“With your commitment and cooperation, we shall initiate and implement policies that would make us to write a new chapter in the commission’s history. One that would be marked with innovation, sustained progress and shared prosperity in the commission, the capital market and our dear nation.

“In line with the renewed hope agenda, I am optimistic about the future of Nigeria’s securities markets. Together, with diligence, integrity, and a shared sense of purpose, we will chart a course towards a more prosperous and resilient financial ecosystem.

“We once again extend our gratitude to Mr. President for giving us this golden opportunity to serve. Be rest assured that we shall not disappoint and will perform our duties responsibly and diligently”.