FG to Broaden Partnership With Nigerian Capital Market to Deepen Economy

Monday, April 30, 2019  /  07.00PM  /  Ottoabasi  Abasiekong  for Proshare WebTV 

The Federal Government has made a commitment to broaden its Partnership with the capital market by deepening the Nigerian economy. 

Minister for Industries, Trade and Investments Dr. Okechukwu Enelamah disclosed this at the formal closing gong ceremony at the Nigeria Stock Exchange (NSE). 

The ceremony which was to commemorate the completion of the National Action Plan 4.0 Ease of Doing Business Reforms, had as Chief host Mr Oscar Onyema CEO of the NSE. 

Enelamah in his remarks said the Presidential Enabling Business Environment Council, PEBEC reforms supports markets and businesses in Nigeria to prosper as agents and institutions of development. 

“This visit to the market is a symbolic and significant event that is geared towards driving a robust economy”, he said 

Speaking further Dr Jumoke  Oduwole  the Senior Special Assistant to the President on Industries, Trade and Investments and Secretary of PEBEC  stated that in the last three years, the focus of reforms has been to make Nigeria a reference point in the area of ease of doing business. 

She commended the NSE for partnering with PEBEC on the CAM Bill 2018. 

On the National Action Plan 4.0 Oduwole , informed the market that it had achieved 63% implementation, working with sub-nationals like Lagos and Kano. 

Also giving her remarks the Acting Director-General of Securities and Exchange Commission of Nigeria Mary Uduk said that the apex regulator has been at the forefront of supporting reforms,  that will create an enabling environment for the capital market ecosystem with initiatives like e-dividend. 

Giving his response on behalf of the stockbrokers the Doyen of broker/dealers in the market commended the Minister and his team for visiting the exchange, but called for more concerted efforts from the Federal Government in the area of accessing the capital market to finance critical infrastructure projects. 

According to him the Federal Government should champion the ease of raising funds among Nigerians which will boost economic activities in the country.

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