SEC woos states

The Securities and Exchange Commission has extended an invitation to state governments to avail themselves of the opportunities that abound in the capital market.

The Director-General of Securities and Exchange Commission (SEC), Mr Mannir Gwarzo, said the opportunities and portfolios that exist in the capital market could be beneficial to the state governments, in the area of infrastructural development.

Speaking at the SEC Day at the 18th Made in Nigeria Katsina Trade Fair, Gwarzo said "We are here to enlighten the Katsina State Government and its people on the need for them to take activities in the market as a means for development. We have a new government in place and we hope that they will access the capital market to raise funds to meet their development needs.”

Adding that 'The president has already said that he is keen on development of the country; we therefore, urge the state governments to use the capital market as a channel to raise funds for development.'