FG urges national savings to boost capital market liquidity

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The Minister of Finance, Mrs. Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that

will make recommendations to the government on the best ways to mobilise savings that would lead to economic growth.

“We need to grow domestic investments that will be here to stay, not just people that are shopping around for where to make profit alone. It is true that the current financial system is still tilted largely toward the banks. According to her, “We know we need foreign investors in our market, but most importantly we need to grow our domestic investors that are here to stay. The foreign investors come in and when anything happens, they quickly take their money and go away but our domestic investors will always be here with us.

Mobolurin therefore canvassed for the setting up of a National Savings Committee to drive the process of fund mobilization among Nigerians and work on a robust savings initiative that can drive the growth of the economy.

 

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