October, 2020 Violence: Inclusive Economic Policies Will Aid Financial and Capital Market Stability in Nigeria - Johnson Chukwu
Inclusive economic policies that addresses the socio-economic challenges of the youthful population in Nigeria like unemployment, poverty amongst others will help to achieve financial and capital market stability in the nation.
Mr. Johnson Chukwu the Group Managing Director of the Cowry Asset Management made this point as the guest on the "Market Review" anchored by Ottoabasi Abasiekong which discussed the impact of the "October, 2020 Violence on Lagos Nigeria's Capital Market Hub".
Speaking on the impact of the carnage in Lagos on the financial and capital market he said local investors have still sustained confidence, but foreign investors are now cautious which has affected the Eurobond market.
He called on companies and those listed on the capital market to re-evaluate their risk management and contingency plans, to navigate the challenges of the post-violence effects on Lagos and other parts of the country.
The analyst believed the Federal Government has its work cut out in the area of restoring investor confidence after the adverse effect of the violence that followed.