The Director-General of the Securities and Exchange Commission SEC, Dr. Emomotimi Agama, has expressed concern over the alarmingly low level of participation by Nigerians in the capital market, revealing that fewer than four percent of the countrys adult population are active investors.
Presenting a lead paper titled "Evaluating the Nigerian Capital Market Masterplan 2015-2025" at the annual conference of the Chartered Institute of Stockbrokers, Agama described the low participation rate as a major obstacle to economic growth and capital formation.