Stockbrokers mull strategies for financial market rebound

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Leading investment and finance experts are scheduled to review strategies for the nation’s financial markets, with a view to ensuring sustainable national economic growth and development

At a national workshop with the theme,  “ Leveraging the financial markets to achieve double digit economic growth for Nigeria”, scheduled for Abuja this Thursday, top- level financial experts and government functionaries will brainstorm on identified gaps in government’s utilisation of the financial market and the way forward.

President, Chartered Institute of Stockbrokers (CIS), Mr Olatunde Amolegbe, the organiser of the workshop, said the theme was timely in view of the various challenges facing the financial market and the need to reposition the market for optimal utilisation by sectors.

“As financial engineers and wealth creators, we advise the governments regularly, on the imperative of utilising the financial market to build infrastructure. This is the basis for this year’s workshop theme. Our market is largely untapped despite its potential to generate revenue for accelerated infrastructure development.

“The workshop is specially packaged to enable top level decision makers in the government and private sector to come up with initiatives that will enhance overall development of the economy through investment opportunities in the financial market,” Amolegbe said.

According to him, over the years, successive governments at all tiers had taken advantage of the market to execute development projects, a model that should be renewed as one of the ways to minimise incessant government borrowing.

“It is not a gain saying that there is a correlation between the development of capital market and the economy.

“We have assembled seasoned market regulators and operators to do justice to the workshop theme and come up with a blueprint to enable the government chart a normal course for overall development of the economy,” Amolegbe said.

On the list of participants are the Secretary to the Federal Government, Mr Boss Mustapha, state governors, ministers; senators and chief executive officers of leading organisations in the financial market

SOURCE: THE NATION

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