Nigeria To Host West Africa Capital Market Conference

The Securities and Exchange Commission, SEC, in Nigeria is scheduled to host the 3rd biennial West Africa Capital Market Conference (WACMaC) 2023.

The conference with the theme “Infrastructural Deficit and Sustainable Financing in an Integrated West Africa Capital Market” will be held in Lagos next month.

Top on the agenda for the conference is the need to tackle the infrastructure deficit in the West African sub-region as well as embrace principles of sustainable finance in a bid to promote economic development.

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In a press statement, the Director-General of SEC, Lamido Yuguda, confirmed that the event would be held between the 25th and 26th of October 2023.

He said that this year’s conference was particularly significant as over 300 stakeholders are expected to convene in the city of Lagos to discuss the general theme.

Speaking on the theme for the upcoming event, Yuguda explained that the deficit posed a significant challenge to the region’s sustainable development.

He said “to address this gap, there is a growing need to adopt innovative financing mechanisms, and sustainable financing options to mobilize the desired funds to meet the region’s critical infrastructure needs, foster economic growth, and achieve sustainable development goals.”

“The WACMAC 2023 provides us with a unique platform to engage in meaningful discussions, share insights, and forge partnerships that will help shape the future of our capital markets, we have brought together a distinguished array of experts, regulators, policymakers, and industry leaders who will share their knowledge, experiences, and strategies to proffer solutions to the region’s infrastructure deficit” the Director-General, said.

Yuguda, who is also Chairman of the West Africa Securities Regulators Association (WASRA), said that the conference would be jointly hosted by the West Africa Securities Regulators Association, the Economic Community of West African States, the West Africa Capital Market Integration Council and the West African Monetary Institute.