The President of the Chartered Institute of Stockbrokers, Oluwole Adeosun, has urged the President-elect, Bola Tinubu, to start engagement with capital market operators before his inauguration on May 29, 2023. CIS president spoke on the expectations of investors in the incoming government.
He said, “We expect the new president and his government to hit the grounds running before the inauguration by immediately opening engagement with the capital market community, as that will help in crafting an effective plan of action for the administration.
He said “First, is to properly situate the capital market in the scheme of things in the Nigerian economy. The capital and money markets must receive balanced attention for the economy to grow maximally, even optimally as the capital market provides the barometer that measures the state of the economy.
“Second is to address the issue of trading liquidity. Get the banks and CBN to give more support to capital market operators. We have to revisit margin lending /trading in the financial markets.
“Furthermore, persuade the pension funds to invest a lot more on equities, to create that stability that will motivate other high net worth to invest.”
“The government should lend more support to investor literacy, and specifically support CIS with annual grants to enable it to perform and widen its work in this area,” he said.
Oreoluwa is an accountant and a brand writer with a flair for journalism.
