Stakeholders in capital market have called on the federal government to build its long-term plan around the capital market to ensure faster and sustained growth and development.
According to him, besides the impressive equity index performance, which led global returns with 50.03 per cent last year, the massive 446 per cent over-subscription of the federal government’s third Sukuk bond, issued to construct and rehabilitate 44 major roads across the country, has further confirmed the strong absorptive capacity of the capital market.
To him, based on the universally acknowledged principle that the money-short term and capital-long term markets complement each other in the economic development process, the Central Bank of Nigeria should to extend structural and liquidity support to the equity arm of the Nigerian capital market.