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Vibrant commodities exchange will aid economic development – SEC

Securities and Exchange Commission
Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has said a more organized commodities exchange market in the country will enhance efficiency and lead to economic growth and development.

The Acting Director General of SEC, Ms. Mary Uduk, stated this when she received members of the Commodities Trading Ecosystem Implementation Committee in her office in Abuja, weekend.

Uduk said the commodities market is an integral part of the economy whose potentials have not yet been fully harnessed for the country to enjoy.

She further stated that there are a lot of benefits in promoting commodity exchanges and the ecosystem in general as they provide a transparent pricing mechanism, promote attractiveness of agribusiness, foster financial inclusion and improve quality of agricultural output and profitability as well as government revenue.

 

 

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