Stockbrokers have identified issues that must be addressed for the nation’s capital market to attract more domestic and foreign investors to propel growth of the market.These issues would be discussed at the 2018 Annual Conference of the Chartered Institute of Stockbrokers, according to a statement.
The Chairman, Conference Committee, Mrs Lilian Olubi, said at a press briefing in Lagos that this year’s conference was designed to address developmental issues that would move the market to the next level.
She noted that the previous conferences had helped to strengthen the relationship between the government and the capital market in the area of market inputs that enhance government policy. Olubi announced that the two-day conference was themed ‘Nigerian economy and the capital market: Exploring the next frontier for growth’.
According to her, the regulatory approach to capital market architecture would be a vital topic of discussion at the conference as dignitaries such as Vice President Yemi Osinbajo; Lagos State Governor, Akinwunmi Ambode; capital market regulators and investment analysts, would be in attendance.
She said, “The growth of the Nigerian economy largely influences the growth within the capital market; thus key policies already designed by the government and associated authorities would be worthy of consideration.
Olubi said, “Nigeria and all stakeholders have cast focus on the 2019 general elections, which are already fast approaching.
“The end of the election will either retain the incumbent, who will be focused on improving his achievements in his first four years or produce a new government that may likely develop new framework to achieve his own ambition.
“Regardless of the outcome, it is apparent that focus would be on improving the Nigerian economy; thus, we deem it fit to also channel discussions to what the focus should be after 2019 elections.”
The First Vice President, CIS, Mr Olatunde Amolegbe, stated that leaders of shareholders’ associations would be invited to the conference for their inputs as part of the stakeholders in the capital market ecosystem.
According to him, the annual conference has remained a major platform where capital market regulators, top-level government officers and members of the organised private sectors discuss issues that affect the economy and the way forward.
The Registrar and Chief Executive, CIS, Mr Adedeji Ajadi, stated that quite a lot of recent government’s policies had emanated from the previous conferences, adding that the trend would be sustained.