The stakeholders, who spoke at the 11th annual conference in Lagos on Saturday, said the current performance of the Nigerian capital market to the Gross Domestic Product was low.
According to him, critical sectors that largely contributed between 70 per cent and 85 per cent to the Nigerian GDP were yet to be incorporated into the Nigerian capital market. “I found a very weak correlation between the movement’s growth of the major metrics in our stock market, with the growth of our GDP, very weak and negative covariance.
“Some of the major sectors that contribute the most to GDP are not well represented in this capital market. I found six sectors in our economy and they include agriculture, trade, ICT and then manufacturing.
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