FG assures stockbrokers on cooperation to boost economic growth

The Federal Government has assured securities dealers that it would facilitate an enabling environment for maximization of the financial market to foster double-digit economic growth.

The government also reiterated its commitment to tackling insecurity which has significantly dampened both foreign and local investor interest in Nigeria.

Addressing participants at the just- concluded national workshop on: “Leveraging the financial markets to achieve double digit economic growth for Nigeria”, organised by the Chartered Institute of Stockbrokers (CIS) in Abuja, the Federal Government assured that it would work with the regulators and operators of the capital market to address issues that would accelerate investment opportunities in the nation’s capital market.

In her presentation, the Minister of Finance, Budget and National Planning Mrs Zainab Ahmed noted that the Nigerian capital market had contributed immensely to the long term growth and development of the economy.

She assured that the Federal Government shall continue to enact laws that would further globalise the Nigerian capital market.

“There is a lot of work to be done in building the economy and achieving the pace that is needed to make double digit growth a reality. I wish to pledge government’s continuous support and partnership with the capital market and the Chartered Institute of Stockbrokers as we continue the task of nation building.

“The capital market has provided, over the years, access to significant long term development capital to the Federal Government and other tiers of government and private sectors,” she said.

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