The need for Nigeria to develop the capital market in a bid to accelerate economic growth and tackle the infrastructural challenges bedevilling the nation, has again been emphasised.
The Lawmaker further stated that capital market is a critical sector that contributes to macro-economic and financial system stability by fostering the diversification of economies and raising their capacity to absorb volatile capital flows.“Our purpose is to visit most of the exchanges and understand how they operate and see if there is any parliamentary intervention we can provide. The only way to save the economy is through capital market activities,” he stated.
According to him, this visit is a demonstration of the commitment both the legislative arm of government and the regulator have to the development of the capital market of which the commodities market is important.