2025 AMEDA: SEC urges financial market transformation drive in Africa, Middle-East
By Taiye Olayemi
The Securities and Exchange Commission (SEC) has called for joint efforts to drive transformational financial markets across Africa and the Middle East.
Dr Emomotimi Agama, SEC Director-General, made this call at the 2025 Africa and Middle East Depositories Association Conference (AMEDA 2025) in Lagos on Thursday.
The conference, hosted by the Central Securities Clearing System (CSCS), is with the theme ‘Shaping the Future: Financial Markets and Infrastructures as Catalysts for Transforming Economies’.
Agama, represented by Mr Bola Ajomale, Executive Commissioner, Operations at SEC, said embracing transformational finance is key to staying globally competitive.
He noted this would help build robust capital markets, enhance financial inclusion, and foster regional economic growth and development.
“As regulators and innovators, we must ensure our financial markets grow in a transformational, inclusive, and sustainable way,” he said.
He added that transformational finance deepens inclusion, attracts capital for infrastructure and climate growth, and builds trust across the region.
“The Africa and Middle East regions, though historically underrepresented, are gaining significant momentum,” he said.
He described the regions as emerging frontiers of innovation and growth, with collaboration essential to global financial relevance.
Agama urged that all market infrastructures must be digitally advanced, resilient, and ready for the future.
He highlighted SEC’s digital transformation journey, including real-time market surveillance systems and expanded investor data platforms.
According to him, these efforts aim to support innovation and enable credible alternative asset classes in the market.
Speaking also, Mr Haruna Jalo-Waziri, CSCS Chief Executive Officer, encouraged delegates to drive market transformation in the region.
Jalo-Waziri, also AMEDA Chairman, stressed the need amid digital disruption, demographic shifts, geopolitical tensions, and climate change.
“We must redefine financial markets and their infrastructure as proactive drivers of economic realities,” he said.
He called for resilient markets, inclusive access, sustainable investments, and regional integration across Africa and the Middle East.
Jalo-Waziri urged the audience to reflect deeply on the future of financial market infrastructure.
“How do we create institutions and partnerships that shape future opportunities, not just meet current challenges?” he asked.
He said achieving Nigeria’s proposed $1 trillion economy requires a more inclusive and sophisticated capital market.
Jalo-Waziri, “At CSCS, we’re investing in resilient infrastructure and partnering with innovators to support this journey.
“How do we sustainably expand access to markets for the underserved and unbanked?
“How can infrastructure truly catalyse economic growth and development across our economies?
“How do we build integrated markets across the region to enhance capital flows and attract global investors?”
He stressed that these questions are vital as Nigeria aims to reach a $1 trillion economy.
Mr Aigboje Aig-Imoukhuede, Chairman of Access Holdings, emphasised regional cooperation to build financial infrastructure.
He urged AMEDA members to pool resources, share best practices, and leverage regional strengths.
Meanwhile, Lagos State governor, Babajide Sanwo-Olu, praised CSCS for driving innovation and excellence in Nigeria’s capital market.
He lauded CSCS’s leadership in AMEDA and its role in shaping regional financial best practices.
Sanwo-Olu noted financial markets are powerful engines for economic transformation through resource mobilisation and entrepreneurship.
He stressed the importance of strong infrastructure — both physical and digital — for enabling economic progress.
The governor said Lagos is committed to infrastructure development, with the 2025 budget prioritising inclusive capital projects.
“Lagos is honoured to host this conference focused on finance and infrastructure as keys to growth,” he said.
He added that the event provides a platform to form partnerships, share knowledge, and chart a bold future. (NAN) (www.nannews.ng)
Edited by Kamal Tayo Oropo