FMDQ Restates Commitment To Driving Efficiency In Nigeria's Infrastructure Development

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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