SEC Nigeria Secures AfDB’s Grant to Finance Risk-Based Supervision Framework Implementation

Lamido Yuguda, Director General, Securities and Exchange Commission (SEC) Nigeria. Image Credit: SEC Nigeria

August 10, 2021/SEC Nigeria

  1. The Securities & Exchange Commission, Nigeria  has received a grant from the African Development Bank Group administered/Capital Markets Development Trust Fund to finance the Risk Based Supervision Framework Implementation and Capacity Development Project.
  1. The principal objectives of this project are to:
  • Provide technical assistance and capacity building on selected areas of the Commission’s operations,
  • Support implementation of Risk-Based Supervision framework
  • Improve the Securities Markets regulatory environment and broadening of market instruments that will help deepen the Capital Markets in Nigeria
  • Strengthen the Commission’s supervisory tools as well as its capacity to achieve its mandate of investor protection and minimizing systemic risk.

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