The Securities and Exchange Commission, Nigeria (SEC or SEC Nigeria) and FSD Africa wishes to contract a consultancy firm (the “Consultant”) to support Phase One of the Licensing and Approvals Portal for SEC Nigeria (“LAP” or the “Services”).
The Services will support the design of an end-to-end digital platform to strengthen SEC Nigeria’s licensing and approvals processes for capital market operators. SEC Nigeria has articulated an ambitious vision for an Electronic Licensing Regime (ELR) that encompasses automated fit-and-proper assessments, competency-based training and certification, integrated compliance monitoring and end-to-end digital processing. Phase One of the assignment will focus on requirements mapping and system specification to translate this vision into clear, implementable foundations for subsequent system development and implementation.
The Services will involve (among other things):
- Conducting a comprehensive diagnostic assessment of existing licensing and approvals processes within SEC Nigeria
- Undertaking a legal and regulatory diagnostic to map the current legislative framework, assess its effectiveness and identify areas requiring new provisions or amendments to support a digital licensing environment
- Engagements with SEC Nigeria departments, regulated entities, service providers and other ecosystem actors to validate findings and inform LAP design
- Developing the conceptual framework, design principles, functional requirements, technical specifications and non-functional requirements for the LAP, informed by the ELR vision
- Designing the data architecture, interoperability standards and integration requirements to support both internal regulatory workflows and external, applicant-facing processes
- Preparing a sequenced implementation roadmap to guide subsequent development, procurement and deployment activities
- Developing comprehensive procurement documentation, including a detailed Request for Proposals, to support competitive sourcing and vendor selection for Phase Two.