Agama calls for policy consistency as S&P places Nigeria on 2027 watchlist - Businessday NG

Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC)

Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has called for sustained policy consistency and operational resilience across Nigeria’s financial system.

His call follows the country’s placement on the S&P Dow Jones Indices (S&P DJI) 2027 Watchlist for possible reclassification from a Standalone to a Frontier Market.

In a strategy and position paper titled “Nigeria’s Path to Index Reclassification: A Unified Strategy on Policy Consistency and Operational Resilience,” Agama said the S&P DJI decision, alongside an ongoing Frontier Market review by FTSE Russell, represents the country’s most significant opportunity in a decade to regain global investor confidence and attract increased foreign portfolio investment.

According to him, Nigeria has moved beyond the stage of designing reforms, with international index providers now focused on whether existing policies are implemented consistently and whether the country’s market infrastructure performs reliably under normal and stressed conditions.