the need for the overhaul of the financial market structure to attract more investors in the capital market.
According to them, there is a need to set up an independent council comprising banks, stockbrokers, mortgage institutions, insurance companies, and pension administrators to coordinate the mobilisation of savings in the country more effectively. Furthermore, the institute argued that the CBN, being the dominant institution that currently provides liquidity support for critical economic sectors, should extend its liquidity support to the capital market, including the equity segment.
“Figures from the National Bureau of Statistics and the CBN showed that although there were improvements as the year went by, the key parameters of economic performance were significantly below the targets set by the Federal Government’s Economic Recovery and Growth Plan .