Nigeria can unlock $500bn via commodities reform – SEC DG
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, stated that Nigeria has the potential to unlock as much as $500 billion in unrealized agricultural and mineral resources by formalizing its commodities and warehouse receipt systems.While addressing the Chartered Institute of Stockbrokers’ national workshop in Abuja on Tuesday, Agama explained that such formalization would transform these resources into tradable securities, broadening the economy beyond the oil and gas sector and generating new national wealth.
He pointed out that the recently passed Investments and Securities Act 2025 grants the SEC the authority to take decisive actions in promoting the commodities sector.
According to him, this Act strengthens the Commission’s regulatory capabilities, allowing it to effectively oversee the rapidly changing market.
"Today, I discuss not just the Investments and Securities Act (ISA) 2025 as a significant legislative achievement but as a strategic framework to elevate Nigeria to the ranks of leading global economies," the DG remarked.
"This Act represents more than just an amendment—it signifies a transformation. It removes old obstacles, incorporates global best practices, and positions our market as the driving force for national wealth."
"The pressing question is no longer if Nigeria can reach a $1 trillion economy, but rather how soon it can—and the capital market, under this new Act, will be the catalyst."
Agama further emphasized that the SEC now has clear authority to shut down Ponzi schemes and prosecute those involved—marking a significant step towards eliminating the “get-rich-quick” frauds that erode investor trust.
"Investors are now protected against losses arising from revoked dealer licenses—a long-awaited measure that will encourage greater participation. Trust is vital in our capital markets; without it, liquidity diminishes," he concluded.
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