The Director General of the Securities and Exchange Commission Mr. Lamido Yuguda has enjoined the Management of the Lagos Free Zone to step up their investor enlightenment campaign as the company prepares to access the capital market.
Yuguda who stated this during a meeting between the SEC, the Nigeria Export Processing Zones Authority and the Lagos Free Zone in Abuja on Wednesday, said this will further enlighten potential investors on the operations of the Zone.
The SEC Boss stated that there is a lot of ignorance among investors in this regard, stating that when companies are planning to access the market there is need for aggressive investor education to enable them make informed decisions.
Yuguda stated that given the quantum of development and investment domiciled within the Free Zone, it holds the key to Nigeria’s future and commended the Management for already contributing immensely to the economy by attracting international brands like Kellogg’s, Dano, BASF and Colgate to the Zone.
He then pledged the SEC’s backing to ensure that the Free Zone remains attractive to investors and all other stakeholders by providing prompt regulatory backing where necessary.

In his remarks, Chief Executive Officer Lagos Free Zone Mr. Dinesh Rathi said his organisation has assisted in creating employment for more than 7,000 people and investment has also gone up by considerably since they commenced operations. Rathi expressed appreciation to the SEC Management for the support and progress on the draft regulation to enable the Zone access the capital market.