Derivatives products will facilitate portfolio management and investment diversification.


The Acting Director-General, Securities and Exchange Commission (SEC), Ms. Mary Uduk, has aforesaid derivatives product would enhance liquidity within the nation’s capital market.

Addressing participants at the ultimate news Workshop of the data Sharing Programme (KSP), in Lagos, on Wednesday, she aforesaid this can additionally facilitate portfolio management and investment diversification.
KSP may be a knowledge-intensive development and economic cooperation programme designed to share Korea’s development expertise with partner countries.

Uduk said: “The KSP is centred on capacity building on operation and development of economic derivatives markets in Nigeria, aimed toward sound from the Korea’s experience and excellence towards developing the derivatives market in Nigeria. The national capital market won’t stay constant at the conclusion of this workshop because it has derived tangible advantages from this partnership.”

She aforesaid the KSP presents a decent chance for addressing a number of the challenges in putting in a robust and functioning derivatives market, particularly in terms of getting the desired market infrastructure, restrictive framework and closed-circuit television for the derivatives market in Nigeria, that are the target areas of analysis.

“I am optimistic regarding our possibilities of making a spin off market place that may be helpful for our economy and therefore the sub-Saharan region. With the profiles of speakers lined up for today’s event, i think that justice has been done to the topics and everyone can leave this venue more educated than we came.

“The partnership between Korea’s Ministry of Economy and Finance, and therefore the Securities and Exchange Commission, Nigeria, is that the 1st bi-lateral policy consultation between the 2 countries. The programme has exposed my colleagues to the wealthy system and variety of the Korean economic system, that enabled Korea’s advancement and up to date standing among the concordance of industrial nations within the world,” she said.
Uduk aforesaid the ultimate workshop can articulate recommendations for the course of actions required for the event of the Nigerian monetary derivatives market and therefore the management of market volatility.

“We are all aware that Nigeria, wouldn’t have, a viable derivatives market without adequate capacity building for the regulator and that of market participants. The capability gap is being bridged by the KSP by enhancing the capacity of the relevant stakeholders to jumpstart the operation of the derivatives market in African nation.”

In his remarks, Korean Ambassador to Nigeria, Intae Lee, expressed delight at efforts of the SEC and therefore the Nigerian exchange (NSE), in driving the derivatives monetary product market in varied sectors.

Lee, pictured by the Korean Embassy Consul-General, Kim Intaek, aforesaid with these efforts, he’s optimistic that African nation can before long be a monetary hub for derivatives product in continent.
“This project is in basic analysis stage currently, and that we are able to support Nigeria’s development by operating with Nigeria to realize nice success during this space.

“Korea can invariably attempt to be Nigeria’s friend in times of want. we’ll continue our efforts to straighten the friendly relationship and can be obtainable to support Nigeria during this space and that we hope that this venture will prove to be terribly roaring,” he added.

The Ministry of Economy and Finance (MOEF) of Republic of Korea has been overseeing KSP for partner countries for his or her policy capability building and property development since 2004.

As of 2018, about 1,000 policy researches are conducted in sixty six countries to market property socio-economic development. KSP has offered comprehensive policy consultations tailored to the requirements of partner countries encompassing in-depth analysis, policy consultation, and coaching opportunities.

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