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Tag: Yuguda

SEC to develop healthcare infrastructure fund

SEC to develop healthcare infrastructure fund

Business
The Securities and Exchange Commission (SEC), has unfolded plans to develop a capital market-sponsored Healthcare Infrastructure Fund, as part of measures to tackle the effects of COVID-19 and other related cases. Besides, the Commission also announced that it has commenced work on the rules on warehousing and collateral management, as regards the commodities exchange to ensure the existence of a conducive regulatory framework that will drive the entire system. The fund will be structured on a commercial basis to generate good returns to investors, and provide the needed healthcare infrastructure in the country. To this effect, the SEC, according to the Director-General, Lamido Yuguda, is currently working with the government to ensure that the right policies are put in place for ...