The Securities and Exchange Commission (SEC) has emphasized that educating investors is essential for fostering a robust market and enhancing market confidence. A well-informed investor community is vital for the stability and growth of any capital market.

During the opening of the 2024 International Organisation of Securities Commissions (IOSCO) World Investor Week (WIW), SEC Director General Dr. Emomotimi Agama highlighted that investor education enables individuals to make informed choices and protect themselves from fraud, Ponzi schemes, misinformation, and excessive risk.

Represented by Mr. Bola Ajomale, the Executive Commissioner Operations at SEC, Agama noted the increasing involvement of retail investors in Nigeria's capital market, underscoring the necessity to bolster educational initiatives, particularly in the context of digital finance.

He further remarked, “As financial products grow more intricate and technology-driven, from fintech advancements to cryptocurrency trading, it is imperative for stakeholders to dedicate themselves to equipping investors with the knowledge needed to navigate these markets with confidence and responsibility.

“World Investor Week serves as a vital platform to reaffirm this commitment. Throughout the week, we will engage with investors, share best practices, and concentrate on enhancing transparency and accountability within financial markets. I urge all participants to seize these opportunities to learn and exchange knowledge, as we strive to cultivate a strong, investor-friendly ecosystem.”

The SEC Director General stated that the 2024 focus is particularly relevant, addressing Technology and Digital Finance, Crypto Assets, and Sustainable Finance—three pivotal areas that will influence the future of global capital markets. He added that while the potential rewards are significant, the associated risks are equally substantial.

As we welcome these advancements, the SEC reassures the capital market of our diligent collaboration with other regulatory bodies to establish frameworks that safeguard investors. Our aim is to ensure that technological progress is implemented responsibly, while also ensuring that market participants are aware of the risks linked to digital finance, including cybersecurity threats and data privacy issues.

In his address, Governor Babajide Olusola Sanwo-Olu emphasized that Lagos, as Nigeria's commercial center, is positioned at the crossroads of innovation, technology, and finance. The state has consistently adopted progressive solutions to stimulate economic development, enhance financial inclusion, and generate wealth.

Speaking on behalf of the governor, Deputy Chief of Staff Mr. Sam Egube noted that the rise of digital assets and the growing influence of technology in finance offer both remarkable opportunities and significant challenges. It is crucial that we approach these changes with careful consideration and strategic planning.