Besides, Shettima also urged various exchanges to develop a focused strategy and create digital technology products that would attract youths to the nation’s stock market.
He pointed out that the centrality of the capital market to Nigeria’s development trajectory especially to the evolution of the corporate sector, industries and most importantly infrastructural development cannot be over emphasised. “We must commend the efforts of entities, governments, corporates and individuals across West Africa who have over the time come together to put in the shift that got us here. There are three exchanges in the sub region, Nigeria, Ghana and Cote d’Ivoire with others coming up.
He said the theme of the conference is especially apt for the moment as across the sub region, modern infrastructure such as roads, rails, ports, fibre optics connectivity power etc. are largely inadequate. The downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; United Bank for Africa , Eterna, Nigerian Breweries, eTranzact International and Lafarge Africa.
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