The federal government has urged listed companies in the capital market to imbibe good corporate governance and accountability in a bid to stimulate growth of the market and increase both domestic and foreign investor participation.
According to him, like world class markets, the Nigerian capital market should be characterised by high levels of liquidity, depth, breath and sophistication with a strong domestic investor base. “Thus, our capital market should broaden access to economic prosperity by enabling the emergence of financially responsible citizens, accelerating wealth creation and wealth distribution, providing capital to small and medium scale enterprises , and catalysing housing finance,” he said.
In his remarks, the Chairman of the SEC Board, Mr. Olufemi Lijadu, emphasised that capital markets are very important in the socio-economic development of any nation as it plays a critical role in attracting investments.