Bolsa runners, under the banner of the Chartered of Stockbrokers (CIS) Institute, have asked the Federal Government to initiate urgent economic reforms aimed at repositioning the Nigerian capital market as a key driver to achieve the economy goal of $ 1 billion of $ 1 billion of $ 1 billion.
In the statement after a one -day workshop at the Conference Center of the State House, ASO Rock Villa, Abuja, with the subject: “Capital formation in Nigeria: industry, institutions and markets to boost an economy of $ 1 billion of $ 1”, the institute affirms that Nigeria’s ambition can be achieved, covers the shares deliberate and coordinated to deepen the formation of capital in capital formation.
The workshop, which brought together the key political leaders, industry leaders, financial experts and market stakeholders to draw a practical course to achieve the economic aspirations of $ 1 billion of Nigeria, highlighted both the notable progress made by the federal government and the critical structural challenges, including weak institutions, unknown political, and financial markets by markets by markets by markets Financials are maintained in the main capital impediments to capital monodization.
The statement, signed jointly by the 13th President and President of the Council and the Registry and Executive Director, Oluropo Dada and Ayorinde Adevipekun, respectively, declared that: “The federal government must lead the strategic coordination between those interested in the market to harmonize the prosecutor, trade and monetary policies aimed at promoting the confidence of investors and attracting long -term capital.
“Foreign Direct Investment Tickets (FDI) remain volatile and below the potential due to concerns about currency risk, regulatory unpredictability and infrastructure gaps. The mobilization of national capital through pensions, insurance and participation of retail investors remain underutilized for industrial financing. A vibrant capital market
Industrialization, Infrastructure Development and Inclusive Economic Growth.
“The integration of Nigeria’s informal sector into the formal economy could unlock significant national capital while the tax base expands, and the economy is too much
It depends on debt financing, with limited availability of risk and private capital
Equity to support innovation for new companies and other critical sectors. The appetite of solid investors is evident in the frequent subscription of government bonds.
However, Nigeria has not yet completely exploited his diaspora community. Well structured financial instruments adapted to the savings and remittances of the diaspora could significantly improve capital tickets and support the national development objectives.
“The Federal Government must guarantee the effective coordination of the interested parties of the market to improve the implementation of fiscal, commercial and monetary policies to boost the confidence of investors and attract capital in the long term. There is an adequate need to maintain transparent policies for a unified FX system that improves liquidity and improves the capacity of foreign investors to repatriate capital without seas. Niger In productive sectors, particularly manufacturing and technology.
“Capital market regulators must take advantage of ISA 2025 to generate confidence through the strictest application of corporate governance, improved revelations and efficient dispute
Resolution mechanisms. The need to encourage pension companies and insurance to invest more in long -term instruments, such as infrastructure funds and capital markets through appropriate risk frameworks. Market operators must innovate and expand various financial products to attract different categories of investors, including millennials, gene z, gene alpha and the like. Innovative products in real estate investment trusts (Reit), risk capital
“The Chartered Institute of Stockbrokers (CIS) was praised as a thought leadership center, where members actively advocate solid economic policies and promote the development of the capital market. However, values ​​of values ​​were urged to maintain the highest ethical standards and place the confidence of investors in the foreground of their professional behavior,” the communication added.
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