By Obas Esiedesa, Abuja

The Securities and Exchange Commission (SEC) has emphasized that the recent approval-in-principle granted to two crypto exchanges aligns with the Commission’s objective of increasing youth participation in Nigeria’s capital market.

According to a statement yesterday, SEC Director General, Dr. Emomotimi Agama, who disclosed this during a meeting in Abuja, highlighted the importance of engaging Nigeria’s youthful population as a key objective of President Bola Ahmed Tinubu’s administration.

He noted that creating a structure to enhance youth and broader public participation in the market is essential.

Last week, the Commission granted approvals to Busha Digital Limited and Quidax Technologies Limited.

Agama stated: “We are building talents to address the challenges that these asset classes might bring. Many young Nigerians are deeply involved in this sector, and we cannot shut the door on them. Instead, the President’s intention is to include them in the capital market, which is why we are implementing regulations to protect investors and ensure market development. This is the SEC’s responsibility.”