SEC, NIPC collaborate to revive commodities exchange market

The Securities and Exchange Commission says it is willing to partner with relevant government agencies including the Nigerian Investment Promotion Commission (NIPC) to attract more investments into the country.

According to a statement released by Efe Ebelo, acting head of media of SEC, Mary Uduk, SEC’s director general, said the collaboration will boost the economy.

A commodities exchange market is an exchange that deals in agricultural products and raw materials. It usually trades commodities on future contracts.

“There are opportunities in the Commodities market and we need to scale up participation in that regard to attract investors. And we will require the collaboration of the NIPC in that regard,” Uduk said while receiving Yewande Sadiku, NIPC’s executive secretary.

“Various opportunities abound in the capital market, that is why we are exploring avenues to attract states to come to the market and raise funds for infrastructural projects.

“We are happy to partner with you to make the market and the country richer and better.”

In her comments, Sadiku said the commission has been visiting different states to explore investment opportunities.

“There are many investment opportunities in the states and what we have done now is to design a platform for profiling such investment opportunities,” she said.

“Part of the strategy is to enlighten the state officials as it is important to ensure the states are ready for the investors.

“The work that we do is connected to the work of the SEC, we encourage investors to come while the SEC is here to protect the investors.

“That is why we need to collaborate. We are happy to work with the SEC to further grow our economy.”