The Securities and Exchange Commission has said that the Nigerian capital market will aid infrastructural development in the country.Mr Yuguda expressed the belief that the Nigerian Capital Market, being an organised and specialised financial market that drives capital mobilisation through domestic savings and foreign capital inflows, is well positioned for the realisation of the infrastructure objectives of the nation.
“That means the youths and our people will get more employment and as you get more employment, people get more disposable income and need to find outlets to spend that income. Mr Yuguda recalled that in the past, most famous industries were sited close to rail lines to aid the transportation of heavy machinery and raw materials as well as finished products to consumers.
“I have a lot of hope in our economy. Right now if you do the GDP ranking, Nigeria is about number 30, but I am very confident that if we get our infrastructure right, our ranking will improve tremendously,” he said.
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