The Securities and Trade Fee (SEC) has referred to as for the adoption of Synthetic Intelligence (AI)-driven surveillance techniques as a part of broader reforms to reposition Nigeria’s capital marketplace for sustainable progress and resilience.
This was disclosed by the Director-Basic of the SEC, Dr. Emomotimi Agama, in the course of the fifth Fellowship Inaugural Lecture organised by the Capital Market Lecturers of Nigeria (CMAN) on Monday.
The lecture, themed “Revolutionary Regulation for a Resilient Capital Market in Nigeria,” was held nearly and reported by the Information Company of Nigeria (NAN).
Dr. Agama mentioned that AI-driven oversight will allow Nigerian regulators to watch market exercise in actual time and reply to fraud and systemic dangers extra successfully.
Citing examples from the USA, the place the SEC runs a consolidated audit path powered by know-how, Agama famous that Nigeria should transition from reactive oversight to predictive, tech-enabled regulation.
“Shifting from reactive oversight to predictive, tech-driven governance, by means of regulatory sandboxes, AI-powered surveillance, and sturdy ESG frameworks, will improve market stability and investor confidence,” he mentioned
He added that this shift is important to constructing a resilient and future-proof capital market that may compete globally.
Structural inefficiencies persist regardless of reforms
The SEC boss acknowledged that regardless of reforms launched by the Funding and Securities Act (ISA 2025), Nigeria’s capital market continues to undergo from deep structural weaknesses.
Agama mentioned that the market nonetheless faces challenges in capital mobilisation, equitable wealth distribution, and company financing. He famous that whereas regulatory roles have been clarified within the new regulation, fragmented oversight stays a difficulty.
“Whereas the ISA 2025 makes an attempt to make clear regulatory roles, key challenges stay,” he mentioned.
He recognized poor coordination between the SEC and the Central Bank of Nigeria (CBN), pension fund restrictions, and insufficient data-sharing frameworks as main bottlenecks that proceed to hamper market improvement.
Nigeria should be taught from UK fintech mannequin
Dr. Agama urged Nigerian regulators to take classes from nations like the UK, which have efficiently leveraged regulatory innovation to advertise fintech progress.
He beneficial phased licensing as practiced within the UK and steered that Nigeria discover a partnership between the SEC and the CBN to allow sandboxed crypto-fiat transactions.
Agama mentioned the nation should embrace these world practices if it hopes to draw long-term, sustainable investments.
“These reforms not solely align with world finest practices but in addition cater to Nigeria’s distinctive financial dynamics, positioning the nation as a lovely vacation spot for long-term, sustainable investments,” he mentioned.
The SEC DG emphasised that no single establishment can implement the required reforms in isolation and urged regulators, policymakers, and personal sector contributors to work collectively to ship a capital market that displays innovation, effectivity, and investor confidence.
Be First to Comment