Capital Market Important to Nigeria’s Economic Growth – Ahmed

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  • Capital Market Important to Nigeria’s Economic Growth – Ahmed

The Nigerian capital market is important to Nigeria’s economic growth and development, stated Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning.

Mrs Ahmed made the statement during a keynote address at the Investing and capital market conference in Abuja on Thursday.

She said: “We want a vision for a future Nigeria where the majority of Nigerians have been sustainably lifted out of poverty, and have access to fundamental services including education, health care, water supply and sanitation. A future where all are financially included, with affordable access to financial products and services. A future where we have left no one behind.

“Our capital market is crucial to actualizing this future, and to achieving the sustained, inclusive and equitable socio-economic growth that this Government aims to achieve.”

She said the capital market helps businesses raise funds and deepen growth across key sectors.

“Therefore, we recognise the importance of maintaining a competitive, resilient and innovative capital market through, in part, the development of appropriate policies, and a strong regulatory and enabling environment, and continued implementation of the ten-year Capital Market Master Plan (2015 to 2025), aimed at positioning the Nigerian capital market for accelerated development of the national economy.

“The Federal Government of Nigeria, particularly the Federal Ministry of Finance reiterates its commitment towards building lasting, endurable, and increasingly more innovative capital market.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

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