Reps Urge SEC to Exceed 2026 Revenue Target by 20%

During the National Assembly’s 2026 Revenue Monitoring Exercise in Abuja, the House Committee on Finance, led by Deputy Chairman Hon. Saeed Musa Abdullahi, challenged the Securities and Exchange Commission (SEC) to surpass its 2026 revenue target by at least 20%.

Abdullahi commended the SEC for its financial sustainability efforts, which include stronger revenue generation and cost-cutting measures, despite operating without government funding. Dr.

Emomotimi Agama, the SEC Director-General, defended the Commission's funding model, stating it relies solely on income generated from the capital market and does not receive budgetary allocations from the Federal Government. He explained that the SEC pays funds to the government after statutory deductions are made from its revenues lodged with the Central Bank of Nigeria.

Agama also noted that the SEC has avoided increasing regulatory charges on capital market operators to prevent market pressure and has secured approval from the Minister of Finance to retain 20% of its internally generated revenue.