The Minister of Finance, Mrs. Zainab Ahmed, yesterday said the Federal Government would set up a committee to advise it on how best to mobilise savings to boost capital market liquidity.
Her words: “We need to grow domestic investments that will be here to stay, not just people that are shopping around for where to make profit alone. It is true that the current financial system is still tilted largely towards the banks. There is need to look at all the players and help solve the problems.
The minister stated that government was concerned about the volatility of the capital market and willing to work with CAMMIC to ensure stability. “We have worked assiduously to diversify away from our over-dependence on oil and gas and the first sector the president is interested in is agriculture.
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