SEC Proposes Capital Market Solutions for Abuja Infrastructure

At the Abuja Business & Investment Summit and Expo (ABIE 2026), Dr. Emomotimi Agama, the Director-General of the Securities and Exchange Commission (SEC), presented strategies for the Federal Capital Territory Administration (FCTA) to finance critical infrastructure projects through Nigeria’s capital market. He suggested that the FCTA should utilize instruments such as infrastructure bonds, green bonds, real estate investment trusts (REITs), and asset recycling to raise long-term funds, reducing reliance on annual budgetary allocations.

Agama emphasized that cities are built by capital markets, not just budgets, and proposed establishing a long-term infrastructure bond program backed by dedicated revenue sources. He also recommended accessing cheaper financing through green bonds for projects like mass transit and solar-powered street lighting.

Furthermore, he urged Abuja Investments Company Limited to consider listing businesses or creating a listed infrastructure fund to enhance capital raising without increasing government debt. Agama viewed the Millennium Tower project as an investment opportunity rather than a budget burden, advocating for asset recycling to fund new infrastructure.