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The Vice President, Kashima Shettima, has urged for a transformation of Nigeria’s capital market to allow young people to take advantage of its potential.
In a statement, the Vice President made this call during a courtesy visit from the Chartered Institute of Stockbrokers, led by its President and Chairman of the Governing Council, Oluropo Dada.
He commended the institute for its role in the development of Nigeria’s capital market and emphasized the need for leaders in the market to revamp the system in order to encourage more trading activity.
He emphasized the critical position of the institute in the economy, stating that it has been underutilized for many years.
He stressed the importance of restructuring the market to attract more young people and encourage their participation in the stock market.
In response, Dada affirmed that the CIS would continue to support the expansion and advancement of the market while maintaining high standards of professionalism among its members.
He stated that it is important to emphasize the global stance on privatizing public enterprises through the capital market as the most efficient method to democratize the process and ensure transparency.
A robust capital market is essential for infrastructure financing and the success of public-private partnerships in the country.
He urged for proactive measures to enhance the Nigerian capital market, which will subsequently boost GDP growth to align with the Federal Government's goal of achieving a $1 trillion GDP.
