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Monday, December 09, 2019 / 1:36 PM / FMDQ /Header Image Credit: @FMDQNigeria
The FMDQ Securities Exchange (FMDQ) PLC has restated its commitment to
driving efficiency in the development of Nigeria's Infrastructural landscape.
Chief
Executive Officer, FMDQ, Mr. Bola Onadele, disclosed this during the Capital
Market Correspondents Association of Nigeria (CAMCAN) 2019 annual workshop in
Lagos at the weekend.
Onadele also informed capital market correspondents that the FMDQ was committed to tackling the housing infrastructural deficit facing the country.
Speaking on
the theme, "Bridging the infrastructure gap in Nigeria: The Capital Market
Option," FMDQ's Chief Executive stated that infrastructure is central to the
development of the economy and pointed out that FMDQ was prepared to provide workable ways of funding mass
housing construction in the country, amongst other programmes to address the infrastructural
gap in Nigeria.
Onadele, who
was represented by FMDQ's Associate Executive Director, Corporate
Development, Ms. Kaodi Ugoji, noted that the Exchange had set up a housing
development project team to work directly with the office of the Vice
president.
Onadele added
that the Exchange had worked with stakeholders and the federal government to develop
products that would drive the capital market and the Nigerian
economy forward.
Speaking on
the Sukuk bond Issue, Onadele noted that it had been a success, but
made a case for its broadening to other
projects.
He emphasized
the fact that infrastructure was a crucial
aspect of the economy that needs improvement to
achieve Nigeria's development goals.
"We will
continue to think through ways of applying capital market resources to
grow the economy as well as draw up a blueprint
to drive development," He said.
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