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FG reiterates commitment to favourable capital market investment

The Minister of Finance, Budget and National Planning, Zainab Ahmed has reiterated the commitment of the Federal Government to providing a favourable environment for investments in the capital market and competitive pricing of financial instruments.

The Finance Minister made this disclosure while addressing the audience at an investment and capital market conference in Abuja.

In her words; “The Federal Government of Nigeria, particularly the Federal Ministry of Finance reiterates its commitment towards building lasting, endurable, and increasingly more innovative capital market. I, therefore, look forward to your continued support in achieving inclusive and sustainable economic growth and prosperity” she said.

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Zainab further reiterated the importance of the capital market to Nigeria’s economic growth while highlighting its capacity to lift the majority of Nigerians out of poverty and turn their circumstances around.

“Our capital market is crucial to actualizing this future and to achieve the sustained, inclusive and equitable socio-economic growth that this government aims to achieve. Therefore, we recognize the importance of maintaining a competitive, resilient and innovative capital market through, in part, the development of appropriate policies, and a strong regulatory and enabling environment, and continued implementation of the ten-year capital market master plan (2015 to 2025), aimed at positioning the Nigerian capital market for accelerated development” she said.

Also, she reiterated the commitment of her ministry to providing a favourable environment for investments in the market and competitive pricing of financial instruments.

In a related development, the minister said the Federal Government is set to introduce tax incentives on investments in capital market instruments.