Gov. Dapo Abiodun of Ogun, on Thursday, advocated for collaboration among the States, Federal Government and the capital market in raising funds for provision of needed infrastructure in the country.
Abiodun stated this at the 27th Annual Conference of Chartered Institute of Stockbrokers held in Abeokuta.
The governor, who was the Special Guest of Honour at the occasion, said that basic infrastructure was key in engendering socio-economic development, as no country could expand its economic base without adequate infrastructure.
Abiodun said that the stock exchange served as a veritable source of funds, which governments could tap into for the execution of various projects, adding that Ogun was willing to take advantage of this in the near future.
The governor said: “The stock exchange is extremely important to the economy of any country.
“In the case of Nigeria, they should look at how they can ensure that we have transparency, accountability and good governance on matters that relate to the oversight and operations of the stock exchange.
“On the other hand, we can find ways to collaborate with the exchange and how the exchange can help in aggregating the required capital to provide the needed infrastructure for this country.
“What is required to uplift and unlock the economy of any country is infrastructure and if the capital market can take particular interest in that, every other thing will be positively impacted in multiplying effects,” he said.
Abiodun emphasised that the comparative evolution of Nigeria’s capital market and others around the world was necessary.
He urged the conference to deliberate extensively on how the capital market could be a veritable source of capital aggregation that could fund the much-needed infrastructure and enhance the growth of local businesses.
Abiodun expressed the hope that the conference’s deliberations and discussions would centre around the methodological review of trends in the global financial market.
In his address of welcome, the President/Chairman of the institute, Mr Oluwole Adeosun, noted that the capital market played important role in the development of the economy of any nation.
According to him, the conference will ensure that members from all over the country bond together in brotherhood, irrespective of where they are located.
Adeosun said that the conference would also highlight the available opportunities for investors.
He further stated that 122 young and distinguished professionals would be admitted as full members of the institute. (NAN). READ ALSO:
- NGO gives 260m grant to women groups in Plateau
- Edo Govt. warns unlicensed revenue collectors, suspends consultancy services
- Police confirm crisis between 2 oil communities in A’Ibom
- SDP rejects Ondo election results, heads to tribunal
- 34 states, FCT yet to access 2024 UBE matching grant—UBEC
