Participants at the Chartered Institute of Stockbrokers 2021 Performance Scorecards and Vision for 2022 held recently in Lagos, have stressed the need for the Federal Government to intensify efforts towards tackling the rising insecurity in the country to stem loss of investment and further accelerate post COVID-19 growth.
Presenting the Institute’s position, the Chairman, Research and Technical Committee, Akeem Oyewale explained that the economic outlook for 2022 was predicated on government’s timely efforts and interventions to put insecurity across the country under control, especially with the 2023 election around the corner.
He urged the government to expunge the 10 per cent capital gain tax for sale of shares, noting that imposing such tax at this time does not augur well for the market.
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