ERGP: SEC Set to Evaluate Implementation of 10 Year Master Plan
In its determination to pursue development of the capital market and key into the Federal Government Economic Recovery Growth Plan (ERGP), the Securities and Exchange Commission (SEC) said it is set to evaluate the implementation of its 10 year Capital Master Plan.
The ten-year Capital Master Plan for the Nigerian Capital Market which is expected to refocus the market and help double its size over time and grow the economy was unveiled November 2014. SEC, in a statement signed by Acting Head of Corporate Department, Efe Ebolo, said, “During the fourth coming second Capital Committee Meeting (CCM) scheduled to hold from Thursday, August 9th to Friday, August 10th 2018 , the Commission will evaluate the implementation of its 10 year Capital Master Plan it commenced in 2014.”
It will be recalled that the Commission has vigorously implemented some initiatives in the Master Plan with the aim of attracting more investors to the market. Acting Director General, SEC, Mary Uduk, has emphasized some of the initiatives that the Commission has undertaken to boost the market which include direct cash settlement, dematerialization and e-Dividend Registration; as they promote transparency, protect and enhance investors’ confidence in the Capital Market.