The Director-General of the Securities and Exchange Commission (SEC) Mr. Lamido Yuguda has enjoined the management of the Lagos Free Zone to step up their investor enlightenment campaign as the company prepares to access the capital market.
Yuguda who stated this during a meeting between the SEC, the Nigeria Export Processing Zones Authority and the Lagos Free Zone in Abuja Wednesday, said this will further enlighten potential investors on the operations of the Zone.
The SEC Boss stated that there is a lot of ignorance among investors in this regard, stating that when companies are planning to access the market there is need for aggressive investor education to enable them make informed decisions.
In his remarks, Chief Executive Officer Lagos Free Zone Mr. Dinesh Rathi said his organisation has assisted in creating employment for more than 7,000 people and investment has also gone up considerably since they commenced operations.
Rathi expressed appreciation to the SEC management for the support and progress on the draft regulation to enable the Zone access to the capital market.
He said, “We hope the entire regulatory framework on Free Zone listing is completed by April. We solicit your support as this will pave the way for other operators who are having their own free zones to follow suit.
