By Munachimso Obienyi
The Securities and Exchange Commission has stated that the non interest segment of the capital market is capable of financing the housing sector which will lead to better well-being of the citizenry as well as general performance of the other sectors of the economy.
Director General of the SEC, Mr. Lamido Yuguda who stated this during a Webinar with the theme: “the Non-Interest Capital Market as Panacea to Mortgage Financing in Nigeria”, stated that is a well-known fact that financing residential and commercial real estate to enhance societal well-being and unlock economic opportunities remains a global challenge.
Yuguda said he considers the theme timely and relevant in the discourse of issues pertinent to the growth and advancement of the Nigerian Capital Market and the economy as a whole, adding that.
“I have observed with delight, the attention this webinar has generated, and come to the conclusion that it is a clear indication of the keen interest in the potentials, that the Non-interest finance segment holds in furthering the development of the Capital Market and the growth of our economy. “
