The Director‑General of the Securities and Exchange Commission, Mr. Lamido Yuguda, said the capital market is working to develop products that will attract younger investors. In an interview, Yuguda—represented by the Head of the Office of the Chief Economist, Dr. Okey Umeano—explained that this initiative is part of the revised capital market master plan.
“We are facing a demographic shift; the market is aging, and that is a cause for concern,” Yuguda said. “Therefore, we are encouraging capital‑market operators to adopt technology. Young people do not want to fill out lengthy forms; they want to access the market via their phones and make investments instantly.” To meet this demand, the SEC is improving its Know‑Your‑Customer procedures and introducing fintech solutions, which are seen as a crucial gateway for youth participation.
Yuguda also urged young people to view the capital market as a viable platform for wealth creation. “We are striving to enhance our product delivery, improve market efficiency, and make the market attractive to them,” he said. “Most importantly, we are doing everything possible to ensure investors are adequately protected and can reap the benefits of their investments.”
Comments are closed for this story.