At a time when global markets are navigating uncertainty and transformation, the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called attention to one of the most vital, yet often overlooked, pillars of economic stability – Credit Ratings.

Speaking at DataPro’s 5th Annual International Credit Rating Webinar, Dr. Agama through his Goodwill Message underscored how emerging economies like Nigeria can strengthen investor confidence and attract sustainable capital through credible and transparent credit rating systems.

“Credit Rating Agencies play a critical role in bridging information gaps by providing investors and institutions with objective, data-driven insights that inform sound financial decisions,” he said.

According to Dr. Agama, credit ratings have evolved beyond being mere financial metrics. They have become strategic guides for investment decisions, influencing how capital flows, instruments are priced and issuers access finance.

In his words, “Beyond their evaluative role, Credit Rating Agencies promote transparency, encourage responsible borrowing and lending, and strengthen market accountability — all of which are essential for long-term stability.”

He noted that in emerging markets such as Nigeria, credible and independent credit ratings are critical enablers of growth. They help bridge information asymmetries, boost investor confidence and channel funds to productive sectors — ultimately supporting national development and inclusive market participation.

Driving Trust and Transparency in Nigeria’s Financial Markets

Dr. Agama reaffirmed the SEC’s commitment to maintaining a transparent and robust regulatory environment that promotes accountability and investor protection within the credit rating industry.

“The Commission remains steadfast in its oversight, encouraging adherence to international best practices and supporting innovations that enhance the credibility of ratings, especially in this fast-evolving environment,” he assured.

He further outlined SEC’s broader vision for Nigeria’s capital market, one defined by resilience, inclusivity and depth. In this vision, Credit Rating Agencies serve as trusted partners in promoting financial discipline and market transparency.

The DG emphasised that achieving this goal requires stronger collaboration among regulators, rating agencies, investors and market operators.

A Call for Collective Progress

Dr. Agama expressed optimism that platforms like the International Credit Rating Webinar will continue to inspire the exchange of ideas and strengthen collaboration among key players in the financial ecosystem.

He concluded with a forward-looking call to action:

“Together, we can ensure that Credit Rating Agencies remain agents of stability and progress in an increasingly complex global economy.”