Arunma Oteh, the Securities and Exchange Commission, SEC, director-general, has said the exchange would partner the Nigeria Bar Association, NBA, to develop the capital market.
Oteh, during a reception for the NBA President, Augustine Alege, and few members of his executive in Abuja, said such relationship would ‘foster the rule of law in the society and the markets and the value of the capital market in transforming our economy.’
She noted that despite the huge size of Nigeria, and brimming with entrepreneurs, its capital market is still small.
Oteh said that “Nigerians by nature are business men; the capital market, in collaboration with the legal profession, should help to promote such businesses so that there is integrity and these businesses can grow to their full potentials by leveraging on the capital market. One area that people are beginning to talk about is the value of wealth distribution and addressing income inequality.”
The announcement was followed by the setting up of a committee to achieve the task.