Edo State to Raise Capital from Stock Market

• Edo State to Raise Capital from Stock Market

Godwin Obaseki, the governor of Edo State on Monday announced the state might be coming to the Nigerian Stock Exchange (NSE) to raise capital for projects.

Obaseki, who visited the nation’s stock exchange in Lagos, said the government would leverage on the capital market to raise capital at the appropriate time.

“I know that we have not come to the market yet but we will come at the appropriate time to interact or hopefully raise one or two instruments from the market. For now we are focusing on sports and young people in Nigeria,” he said.

The governor, however, explained that the state was working on hosting the 20th edition of the National Sports Festival this year and urged brokers, clients and corporate Nigerians to participate and support the festival.

“The market has always had a tradition of supporting sports as about 25 years ago, the President of the NSE at that time, the late Chief MKO Abiola chaired the fund raising event for 1984, and so today, we are here to solicit the support of brokers, clients and corporate Nigerians to participate and support the National Sports Festival, which we are hosting on the 22nd of this month,” he added.