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BUSINESS & ECONOMY

Expert Calls On Govt To Pay Attention To Capital Market

The Federal Government needs to pay more attention to the capital market and use its fiscal and monetary policies to accelerate and deepen the growth of the capital market as part of deliberate efforts to strengthen the nation’s economic development.

Chairman, NASD Plc, Mr. Tola Mobolurin, who delivered the 10th PEARL Awards for Capital Market Development in Lagos, said government has a major role to play in the development of the Nigerian capital market and the integration of the entire financial system. He spoke on the theme: Actualising Nigerian Capital Market Quest for Leadership in Africa: Issues, Challenges and Options.

According to him, government should tie the grant of policy instruments such as waivers, licences and special privileges; including pioneer status, to the beneficiaries being quoted companies or companies with prospective quotation in order to create a win-win situation that will ensure Nigeria’s resources are used to develop the capital market, which will in turn bolster national economic development.

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