• About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy
Saturday, June 10, 2023
SUBSCRIBE
London Daily Post
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports
No Result
View All Result
London Daily Post
No Result
View All Result
ADVERTISEMENT

Crowdfunding Will Accelerate Financial Inclusion – SEC

Editorial Board by Editorial Board
September 12, 2022
in Finance News
Reading Time: 3 mins read
0


The Securities and Exchange Commission (SEC) has said the Crowdfunding operation will accelerate the financial inclusion agenda in Nigeria, while increasing the amount of investable funds by unlocking untapped capital in the economy.

The Executive Commissioner of Operations of the SEC, Mr. Dayo Obisan, stated this in a webinar with the theme “Accelerating Financial Inclusion through Crowdfunding”.

Crowdfunding platforms are websites that allow interaction between fundraisers and the crowd. In line with this, crowdfunding has attracted a lot of attention from regulators in all jurisdictions because of its potential to increase financial inclusion efforts.

Obisan said the event, organized by the SEC, is the first in a series, since the commission’s rules governing crowdfunding came into effect in January 2021 with the main objective of “Investor Safety ” and which aims to provide a platform for sharing knowledge and experiences. among the participants.

“It is also to sensitize participants, and indeed Nigerians, on crowdfunding as a funding mechanism for start-ups and MIMES, to enlighten them on experiences and lessons on crowdfunding d “other jurisdictions, as it is an alternative form of investment and financing of companies. ,” He said.

He described crowdfunding as a new phenomenon growing in popularity in Nigeria, adding that, the platform is an innovative source of funding that offers MSMEs and start-ups the avenue to raise capital from the crowd (population) by leveraging the power of the internet

According to him, “with the realization of the potential of crowdfunding, the rules of the Commission issued in January 2021, have taken concrete steps to improve the regulatory framework of crowdfunding by introducing the operational framework between fundraisers and the investing public in nigeria

“The framework, among others, makes it mandatory that any investment-based crowdfunding is operated only by crowdfunding intermediaries through the issuance of investment instruments. This will undoubtedly provide an additional opportunity for MSMEs, companies startups and the general public for faster fundraising options.

“We strongly believe that the Capital Market has a leadership role in this regard by collaborating with relevant stakeholders to map out strategies to deepen the capital market through financial inclusion, as well as continuous enlightenment programs focused on collective investment systems”.

Obisan commended the participants for their keen interest in the potential of achieving an all-inclusive capital market towards the progress and growth of the Nigerian economy. In her remarks, the Chairperson of the African Crowd Funding Association, Ms Elizabeth Howard, described crowdfunding as an umbrella term. which explains the use of small amounts of money, obtained from a large number of people or organizations to finance a project, a business or personal loan and other needs through an online web platform.

The director of operations of the National Association of Securities Dealers, Mr. Eguarekhide Longe, stated that crowdfunding could help mobilize capital for economic growth and development.



Source link

Share this:

  • Twitter
  • Facebook

Related Posts

Finance News

A new bull market in stocks? Thank the VIX, says Fundstrat’s Tom Lee

June 9, 2023

The S&P 500 broke out of a bear market on Thursday, while a closely watched gauge of stock market volatility...

Finance News

I used to give friends’ kids $100, but I left my job in tech. Is $25 an insult?

June 6, 2023

Dear Quentin, I am 52 years old and live alone with no other income. For the past 15 years, I...

Finance News

Five college towns worth staying put in after graduation

June 3, 2023

Your diploma is framed, your cap and gown are tucked away, and you've been to more graduation parties than you...

Finance News

Fees in buy now, pay later plans can be hard to understand: Consumer Reports

May 28, 2023

Although marketed without fees or interest, some buy-now-pay-later products include these charges, but it can be difficult for consumers to...

Next Post

US launches trial for blood tests that promise to catch cancers earlier

POPULAR

Entertainment

Elliot Page Recalls ‘Inception’ Cast ‘Full Of Cis Men’ Making Him So Anxious He Got Shingles

June 9, 2023
Finance News

A new bull market in stocks? Thank the VIX, says Fundstrat’s Tom Lee

June 9, 2023
World News

Ukraine presses counteroffensive as flood evacuations continue in south

June 9, 2023
  • About Us
  • Contact us
  • Editorial Policy
  • Terms & Conditions
  • Privacy Policy

© 2022 London Daily Post. All Rights Reserved.

No Result
View All Result
  • Home
  • UK
  • World
  • Business
  • Politics
  • Finance
  • Tech
  • Entertainment
  • Lifestyle
  • Sports