The Securities and Exchange Commission (SEC) has highlighted the role of digital finance and commodities markets in rural areas as essential for reaching the federal government’s goal of a $1 trillion economy. This announcement was made during the ongoing IOSCO World Investor Week in Lagos.
Dr. Emomotimi Agama, represented by Executive Commissioner Bola Ajomale, emphasized the need for investor education to deepen capital market participation and leverage the rising interest in financial technology. Ajomale stated, “Digital finance is vital for rural communities, where commodities markets connect farmers to global markets and drive economic growth.”
Ajomale further stressed that achieving the President’s vision requires fostering investments and showcasing Nigeria as a secure investment destination. He also noted that educating investors helps protect them from risks such as scams.
Ayodeji Balogun, CEO of AFEX Commodities Exchange, represented by Oluwafunto Olasemo, added that digital finance is transforming trading and economic value creation. Balogun underscored the commitment to connecting rural communities and small-scale producers to larger markets, aiming for a transparent and robust commodities exchange.
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