The stakeholders, who spoke at the Nigerian Exchange Limited Made Of Africa Awards ceremony held in Lagos, also advocated the efficient operations of the market as an avenue to increase assets and create wealth for the nation’s sustainable growth.
High value of import by Nigeria has led to unfavourable trade balances, terms of trade and even trade policies for the country. Nigerians import goods that can easily be produced locally, as a result, many thriving local factories have folded up. Founder and chairman of Coronation Capital Limited Aigboje Aig-Imoukhuede stressed the need for a robust financial market infrastructure, noting that it will contribute to the stability and growth of the financial system as a whole.
Furthermore, he said a good regulatory framework and stronger operators are needed to attract a wide array of investments to the market.