Bond Market to Finance $3.9trn Infrastructure Deficit- SEC DG

The Director General of the Securities and Exchange Commission, SEC, Ms Arunma Oteh, disclosed at the 4th Capital Market Committee retreat held in Abuja that the bond market has enough room for growth with debt-to-GDP ratio at only 11% compared to over 200% in Japan, 110% in Singapore, 103% in the United Kingdom, 103% in the United States (US) and over 60% in China. All round, liquidity needs to improve well beyond its current level.
The DG declared that they want a bond market that will facilitate them in meeting the infrastructure deficit estimated at USD3.9 trillion over the next 30 years. They want a market that does more for housing finance, enabling Nigeria close down the 17 million housing unit deficit while supporting entrepreneurship by doing more for SMEs and start-ups.
She however believed that with faithful implementation of their master plans, Nigeria’s market will eventually emerge as one of the world’s deepest, most liquid and largest capital market that will not only contribute to the socioeconomic development of the country but will also serve as a universal financial hub offering opportunities into other parts of the continent of Africa.
 They however want to see the market in 2025 to be profound, vastly liquid, broad and diversified market that is a multiple of Nigeria’s GDP. It must boast of one of the most proficient and favourable operating environments that engenders best practice, innovation and competitiveness.
Oteh, who spoke on Nigerian capital market achievement  since 2010 said “ We started by ensuring that investor confidence is restored, adopting a posture of zero tolerance to wrongdoing while strengthening our enforcement machinery through partnerships with the Office of the Attorney General of the Federation and the Nigeria Police Force. We instituted legal proceedings against over 260 individuals and entities for various forms of market infractions seeking to disgorge all illegally gotten wealth and restitute investors.
The Director General of the Securities and Exchange Commission, SEC, Ms Arunma Oteh, disclosed at the 4th Capital Market Committee retreat held in Abuja that the bond market has enough room for growth with debt-to-GDP ratio at only 11% compared to over 200% in Japan, 110% in Singapore, 103% in the United Kingdom, 103% in the United States (US) and over 60% in China. All round, liquidity needs to improve well beyond its current level.
The DG declared that they want a bond market that will facilitate them in meeting the infrastructure deficit estimated at USD3.9 trillion over the next 30 years. They want a market that does more for housing finance, enabling Nigeria close down the 17 million housing unit deficit while supporting entrepreneurship by doing more for SMEs and start-ups.
She however believed that with faithful implementation of their master plans, Nigeria’s market will eventually emerge as one of the world’s deepest, most liquid and largest capital market that will not only contribute to the socioeconomic development of the country but will also serve as a universal financial hub offering opportunities into other parts of the continent of Africa.
 They however want to see the market in 2025 to be profound, vastly liquid, broad and diversified market that is a multiple of Nigeria’s GDP. It must boast of one of the most proficient and favourable operating environments that engenders best practice, innovation and competitiveness.
Oteh, who spoke on Nigerian capital market achievement  since 2010 said “ We started by ensuring that investor confidence is restored, adopting a posture of zero tolerance to wrongdoing while strengthening our enforcement machinery through partnerships with the Office of the Attorney General of the Federation and the Nigeria Police Force. We instituted legal proceedings against over 260 individuals and entities for various forms of market infractions seeking to disgorge all illegally gotten wealth and restitute investors.

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