Senator Izunaso Urges SEC to Expedite Tokenisation Regulations

Senator Osita Izunaso (Imo West), Chairman of the Senate Committee on Capital Market and Institutions, has called on the Securities and Exchange Commission (SEC) to hasten the establishment of regulations for digital assets and tokenisation. He expressed concerns that delays in regulatory frameworks could prevent Nigeria from seizing emerging investment opportunities.

Izunaso made these remarks on Monday at the National Capital Market Conference 2026 in Abuja, coinciding with the SEC's unveiling of the Nigerian Capital Market Master Plan 2.0, a 10-year strategy aimed at expanding the capital market and mobilising long-term financing. Despite the recognition of digital assets under the Investments and Securities Act 2025, Izunaso highlighted the need for clearer regulatory arrangements to support investment.

He noted that while Nigerian stakeholders are exploring tokenisation opportunities abroad, domestic regulatory processes remain incomplete. The senator pointed out the disparity between over five million registered companies and only about 151 listed firms in Nigeria, advocating for more listings to enhance domestic investment opportunities.