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Nigeria’s National Assembly on Monday pledged its commitment to making legislations that would help harness the potentials of the nation’s capital market.
Addressing a capital market forum in Abuja, Nigeria’s capital city, the Senate President, Dr. Bukola Saraki, said the nation’s myriad of challenges could be addressed through laws that would protect investors.
Dr Saraki further stressed that with adequate legislations, resources from the sector could be well utilised to provide infrastructure which the nation is in dire need of.
At the forum were top government officials, key players in the nation’s capital market sector.
They had gathered to discuss the potentials of the sector through adequate legislations.
In an era of dwindling oil revenue, which has led to slow economic growth, the event is deemed timely.
The resolutions at the gathering are expected to be backed by legislations to ensure that operators in the capital market are well protected.
While the nation still grapples with addressing issues of poor health facilities, housing deficits and bad roads, a speaker at the event, Aigboje Imouhuede, is of the view that resources investment in the capital market could be used to bridge the infrastructural gap.
The Director General of the Securities and Exchange Commission, Dr. Mounir Gwarzo, gave an overview of what the Nigerian Capital Market hoped to attain in the next 20, saying the achievements would ensure a total turn around for the nation’s economy.
Key issues raised at the forum include adequate legislation to give further backing for regulatory agencies in the capital market to harness the potentials of the sector.
Nigerians will be watching to see if decisions reached would be matched with action.
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