FG Prioritizes Capital Market for $1 Trillion Economy Goal
Breaking Down the Details:
The Federal Government has reiterated its commitment to transforming Nigeria’s capital market into a powerhouse for economic growth and wealth creation.
Key Takeaways:
1. Vision for Growth
• Minister of State for Finance, Dr. Doris Uzoka-Anite, highlighted the capital market as essential for achieving President Bola Tinubu’s ambitious goal of a $1 trillion economy.
• She emphasized that the market must be private sector-driven to achieve sustainable growth.
2. Government’s Role
• The FG pledged to strengthen the market, ensuring investor confidence and creating a robust environment for:
• Primary offers
• Viable exit strategies for investors.
• Uzoka-Anite assured that the government would fully support the Securities and Exchange Commission (SEC) in this transformation.
3. SEC’s Commitment
• SEC Board Chairman, Mairiga Katuka, stressed the importance of collaboration with the Ministry of Finance to achieve the administration’s “renewed hope” agenda.
• SEC aims to:
• Reform the market for global competitiveness.
• Drive economic diversification and financial inclusion.
4. New Regulatory Framework
• Plans are underway to improve regulations for borrowing by governments and corporations, ensuring sustainability and efficiency in Nigeria’s financial system.
Quote of the Day:
“If we are to achieve the renewed hope mandate of a $1 trillion economy, it has to be through the capital market.”
— Dr. Doris Uzoka-Anite
With these initiatives, Nigeria’s capital market is set to play a pivotal role in driving national economic development and fostering wealth creation.
Stay updated!
Breaking Down the Details:
The Federal Government has reiterated its commitment to transforming Nigeria’s capital market into a powerhouse for economic growth and wealth creation.
Key Takeaways:
1. Vision for Growth
• Minister of State for Finance, Dr. Doris Uzoka-Anite, highlighted the capital market as essential for achieving President Bola Tinubu’s ambitious goal of a $1 trillion economy.
• She emphasized that the market must be private sector-driven to achieve sustainable growth.
2. Government’s Role
• The FG pledged to strengthen the market, ensuring investor confidence and creating a robust environment for:
• Primary offers
• Viable exit strategies for investors.
• Uzoka-Anite assured that the government would fully support the Securities and Exchange Commission (SEC) in this transformation.
3. SEC’s Commitment
• SEC Board Chairman, Mairiga Katuka, stressed the importance of collaboration with the Ministry of Finance to achieve the administration’s “renewed hope” agenda.
• SEC aims to:
• Reform the market for global competitiveness.
• Drive economic diversification and financial inclusion.
4. New Regulatory Framework
• Plans are underway to improve regulations for borrowing by governments and corporations, ensuring sustainability and efficiency in Nigeria’s financial system.
Quote of the Day:
“If we are to achieve the renewed hope mandate of a $1 trillion economy, it has to be through the capital market.”
— Dr. Doris Uzoka-Anite
With these initiatives, Nigeria’s capital market is set to play a pivotal role in driving national economic development and fostering wealth creation.
Stay updated!