The Securities and Exchange Commission (SEC) reported a remarkable rise in Nigeria's capital market, with its total market capitalization climbing from around N55 trillion in April 2024 to an impressive N123.93 trillion, reflecting a 125 percent increase. This growth was highlighted during the inaugural address of SEC's Director-General, Emomotimi Agama, to the Capital Market Working Group on Market Liquidity in Lagos.

Agama also noted the capital market's significant contribution to Nigeria's Gross Domestic Product (GDP), which rose from 13 percent to 33 percent during the same timeframe. He emphasized that while these figures are encouraging, they only represent part of the overall story concerning the capital market's health and its role in fostering economic development. The SEC's commitment to market liquidity and transparency is positioned as a catalyst for attracting more investments into the sector.

In conclusion, the substantial growth in the capital market not only signifies increased investor confidence but also indicates a pivotal shift in the economic landscape of Nigeria. As the market continues to expand, the SEC aims to ensure that the infrastructure and regulations support this growth, ultimately benefiting the broader economy and contributing to sustainable development initiatives across the country.