By Babajide Okeowo
The acting Director-General, Securities and Exchange Commission, Ms. Mary Uduk, has said one of the ways to stimulate growth in the capital market is to tap the potential in the development of a 10-year Capital Market Master Plan, which was launched by the commission in 2014.
Uduk, while speaking during a capital market conference held in Lagos recently, said capital markets across the world had products and mechanisms to stimulate economic growth and development.
She said many of such products were available in Nigeria and remained untapped, thereby limiting the realisation of the nation’s potential.
READ ALSO: Why you must make her reach orgasm (2)
In her words, “The plan has over 100 initiatives to springboard the capital market as one of the world’s deepest and most liquid, as well as the largest in Africa by 2025. It is also aimed at ensuring that the market contributes much more to the socio-economic development of the nation, particularly in facilitating capital-raising for sustainable development and transformation of key sectors” she stated.
Speaking further, Uduk said that despite successes recorded from the initiatives, the commission recognised that much more still needed to be done for the capital market to contribute its desired quota and take its rightful place in issues and discussions of Nigeria’s economic growth and development.
“As we move into the future, we need to continuously embrace innovation in the way we carry out our market operations and regulations. Beyond the conventional capital market products of equities and bonds, as well as manual regulatory processes, the players and regulators in the Nigerian capital market are introducing new and innovative processes and products” she added.
