Vice President Senator Kashim Shettima has emphasized the need for active participation of capital market stakeholders in addressing Nigeria’s substantial $3 trillion infrastructure deficit…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
This statement was made during the opening ceremony of the third West Africa Capital Market Conference (WACMaC) in Lagos.
The conference’s theme was ‘Infrastructural Deficit and Sustainable Financing in an Integrated West African Capital Market.’
Shettima, who was represented by Mr. Tope Fasua, the Special Adviser to the President on Economic Affairs in the Office of the Vice President, underscored the critical role of the capital market in Nigeria’s developmental path, particularly in fostering the growth of the corporate sector, industries, and, most importantly, infrastructure development.
He highlighted the current era of fierce global competition for resources, where technology enables nations to connect with others and businesses to reach billions of consumers worldwide. \
The vice president urged regulators and operators to address the challenges facing the capital market by engaging young West Africans online, developing user-friendly apps, employing blockchain technology for transparency, and providing the control that this demographic seeks.
Shettima urged regulators and operators in West Africa to explore strategies for enhancing liquidity, growth, and sustainability in their markets, emphasizing that there is no reason why West African exchanges should not thrive when stock exchanges in developed countries like New York, London, Amsterdam, Bombay, and Egypt continue to prosper.
