Apparently miffed by the negative impacts of the on-going economic recession on the activities in the Nigerian capital market, seasoned technocrats, frontline stockbrokers and top government functionaries are set to converge at the ninth edition of Investiture of the President of the Chartered Institute of Stockbrokers (CIS) to discuss the way forward.
The forum which will be held on September 28, 2016 in Lagos has the theme, ‘Growth, the only Nigeria imperative’. The meeting will enable experts to review the government’s current efforts to address the on-going recession and propose credible options to take advantage of the capital market to finance infrastructural development.
The vice president, Professor Yemi Osinbajo is expected to unfold the new Nigerian economy at the event while the executive vice chairman, Travant Group, Mr. Mustapha-Chike Obi is the guest speaker.
On the list of the panel members to discuss the papers scheduled for presentation are the two former governors of the Central Bank of Nigeria (CBN), Professor Charles Soludo and Mallam Sanusi Lamido while others are, financial analyst, Mr. Bismarck Rewane, frontline economist, Dr. Doyin Salami and the president, Issuing Houses Association of Nigeria, Mr. Sunny Ayere.
Recently, the former head of state, Chief Olusegun Obasanjo advocated the need for the federal government to source medium and long term fund from the capital market to execute capital projects.
He explained that the capital market had always been a platform where individuals can undertake capital formation while corporate organizations and governments at all tiers can mobilize medium and long term funds for development projects.
He noted that no economy could thrive without a strong and virile capital market, saying there is a correlation between the development of an economy and its capital market.