ADVOCATING TELECOM-CAPITAL MARKET COLLABORATION
1. Call for Synergy:
- Industry Collaboration: Leaders from the telecommunications and financial sectors have advocated for a stronger partnership between Nigeria’s telecommunications industry and the capital market. This collaboration is seen as a way to unlock new investment opportunities and support the country’s economic growth.
2. Telecom Sector’s Role in the Capital Market:
- Enhancing Market Efficiency: According to Temi Popoola, Group Managing Director and CEO of Nigerian Exchange Group, the telecommunications industry plays a crucial role beyond connectivity. It contributes significantly to market transparency, efficiency, and financial inclusion. Telecom giants are among the top capitalized companies on the Nigerian Exchange, reflecting the sector’s deep connection with the financial market.
- Facilitating Real-Time Data: Telecoms facilitate the dissemination of real-time market data, which is essential for transparency and informed investment decisions.
3. Opportunities for Growth:
- Investment in Infrastructure and Talent: Popoola emphasized the need for continued investment in infrastructure and talent development within the telecom sector. This is essential for the sector's sustainable growth and its impact on the Nigerian economy.
- Innovation as a Driver: Fostering innovation within the telecom sector is key to ensuring its long-term sustainability and continued contribution to economic growth.
4. Supportive Policy Framework:
- Government’s Role: Armstrong Takang, Managing Director/CEO of the Ministry of Finance, Incorporated, representing the Minister of Finance, Olawale Edun, highlighted the importance of a supportive policy framework. Appropriate regulations and enabling policies could make the telecom industry more attractive for investments, positioning it as a cornerstone of Nigeria’s economic future.
- Strategic Policies and Legislation: The development of strategic policies and legislation will be vital for steering the telecommunications industry toward long-term sustainability.
5. Regulatory Landscape:
- Capital Market Leverage: Bolaji Balogun, CEO of Chapel Hill Denham, stressed the need for a regulatory environment that encourages telecom companies to leverage the capital markets. Increased investments in infrastructure and a focus on developing human capital were identified as critical components for the industry’s sustainable growth.
6. Conclusion:
- The Future of Telecoms: The event highlighted the pivotal role of the telecommunications industry in Nigeria’s economic landscape. The collaboration between the telecom sector and the capital market, supported by favorable policies and regulations, is essential for driving investment, innovation, and sustainable growth.
1. Call for Synergy:
- Industry Collaboration: Leaders from the telecommunications and financial sectors have advocated for a stronger partnership between Nigeria’s telecommunications industry and the capital market. This collaboration is seen as a way to unlock new investment opportunities and support the country’s economic growth.
2. Telecom Sector’s Role in the Capital Market:
- Enhancing Market Efficiency: According to Temi Popoola, Group Managing Director and CEO of Nigerian Exchange Group, the telecommunications industry plays a crucial role beyond connectivity. It contributes significantly to market transparency, efficiency, and financial inclusion. Telecom giants are among the top capitalized companies on the Nigerian Exchange, reflecting the sector’s deep connection with the financial market.
- Facilitating Real-Time Data: Telecoms facilitate the dissemination of real-time market data, which is essential for transparency and informed investment decisions.
3. Opportunities for Growth:
- Investment in Infrastructure and Talent: Popoola emphasized the need for continued investment in infrastructure and talent development within the telecom sector. This is essential for the sector's sustainable growth and its impact on the Nigerian economy.
- Innovation as a Driver: Fostering innovation within the telecom sector is key to ensuring its long-term sustainability and continued contribution to economic growth.
4. Supportive Policy Framework:
- Government’s Role: Armstrong Takang, Managing Director/CEO of the Ministry of Finance, Incorporated, representing the Minister of Finance, Olawale Edun, highlighted the importance of a supportive policy framework. Appropriate regulations and enabling policies could make the telecom industry more attractive for investments, positioning it as a cornerstone of Nigeria’s economic future.
- Strategic Policies and Legislation: The development of strategic policies and legislation will be vital for steering the telecommunications industry toward long-term sustainability.
5. Regulatory Landscape:
- Capital Market Leverage: Bolaji Balogun, CEO of Chapel Hill Denham, stressed the need for a regulatory environment that encourages telecom companies to leverage the capital markets. Increased investments in infrastructure and a focus on developing human capital were identified as critical components for the industry’s sustainable growth.
6. Conclusion:
- The Future of Telecoms: The event highlighted the pivotal role of the telecommunications industry in Nigeria’s economic landscape. The collaboration between the telecom sector and the capital market, supported by favorable policies and regulations, is essential for driving investment, innovation, and sustainable growth.