Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has revealed that only about three million Nigerians currently participate in the nation’s capital market, compared to over 60 million people who engage in gambling every day.
Speaking at an investors’ forum in Abuja, Agama expressed concern over the growing preference for betting and quick-profit schemes among Nigerians, warning that such habits hinder financial inclusion and long-term wealth creation. He stressed the need for increased financial literacy, public trust, and technological innovation to make the capital market more accessible to young investors.
The SEC boss announced ongoing efforts to digitalize market operations, introduce simplified investment platforms, and collaborate with fintechs to attract more retail investors. According to him, “Our goal is to shift Nigeria from a gambling economy to an investment-driven one that builds real, sustainable prosperity.”
