The Ogun State Governor, Prince Dapo Abiodun on thursday advocated a collaboration between the Federal, State governments, and the Nigerian Capital Market in raising funds for the provision of needed infrastructure in the country
Governor Abiodun who spoke as the Special Guest of Honour at the 27th Annual Conference of the Chartered Institute of Stock Brokers held in Abeokuta, noted that basic infrastructure was key in engendering socio-economic development as no country could expand its economic scope without adequate infrastructure.
The stock exchange, governor said, is extremely important to the economy of any country stressing that in the case of Nigeria, the Stockbrokers should look at how they can ensure that the nation’s transparency, accountability and good governance on matters that relate to the oversight and operations of the stock exchange is not compromised
While emphasizing that the comparative evolution of Nigeria’s capital market and others around the world is necessary, governor Abiodun charged the conference to deliberate extensively on how the capital market could be a veritable source of capital aggregation that can fund the much needed infrastructure and enhance the growth of local businesses to provide employment and help in economic diversification.
Governor Abiodun expressed the hope that the conference deliberations and discussions, would center around the methodological review of trends in the global financial market and the urgent need to domesticate the inherent prospect and opportunities for the purpose of developing the country’s financial market.
Describing the theme of this year’s conference as apt, the governor opined that it would help to proffer solutions to the nation’s current challenges considering the exigencies of critical decisions that is required in transforming both the capital market and the overall economy.
The state helmsman informed the stock brokers that his administration has further opened up the State for more local and foreign investors by introducing various business friendly policies and the provision of the required infrastructure, noting that the state has increased it’s ranking on the ease of doing business index.
The President and Chairman of the Chartered Institute of Stockbrokers, Mr. Oluwole Adeosun, in a remark, commended the governor for creating an enabling environment for industrialization, noting that the capital market plays an important role in the development of the economy of any nation,
He assured that the conference would ensure that members from all over the country, bound together in brotherhood irrespective of where they are located, would use the conference to contribute their quotas towards the socio-economic development of the nation
