NGThe Nigerian National Assembly has supported the Securities and Exchange Commission's (SEC) initiative to improve fiscal sustainability through cost reduction and increased revenue. During a meeting in Abuja, Deputy Chairman of the House of Representatives Committee on Finance, Hon. Saeed Musa Abdullahi, praised the SEC's financial management and encouraged it to exceed its 2026 revenue targets. SEC Director-General Dr. Emomotimi Agama explained that the commission operates independently, generating all its revenue from the capital market and remitting funds to the government. He highlighted that statutory deductions are automatically applied by the government upon receipt of funds, and the SEC has secured a 20% waiver on deductions with the Ministry of Finance. Additionally, the SEC has received a grant from the African Development Bank.
Bias read (Center): The article presents a balanced discussion between the National Assembly's endorsement of the SEC's fiscal initiatives and the SEC's explanation of its operational independence. While there is some emphasis on the challenges faced by the SEC, the tone remains objective, citing official statements, a
