Master plan implementation to address investors’ challenges- SEC

Master plan implementation to address investors’ challenges- SEC

The Securities and Exchange Commission (SEC) in reaction to retail investors’ plight said that effective implementation of the capital market ten year master plan would go a long way to addressing major problems in the market.

Director General of SEC Nigeria, Mounir Gwarzo said this in Abuja saying  “A successful implementation of the 10 year master plan is necessary to attract retail investors to the market, address some of the challenges that Nigeria’s Capital market faced during the global capital market crash that occurred in 2008-2010 and also raise the standard of the market. According to the DG “the market went down and a lot of investors lost money in this market and sometimes two years after, the Capital Market Committee (CMC) felt there was a need to come together and prepare a document that will be able to address some of these challenges  “You also recall that in the 90s you had the Asian crisis where a lot of stock markets especially within the Asian countries went down and a few countries within the region, Asia and Malaysia prepared a very robust Master Plan. Read more

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