achieving poverty reduction, employment generation and wealth creation
through entrepreneurial, social and economic development.
Capital Market Development: Irrespective of considerable resources
invested by the Federal Government of Nigeria towards developing the capital
market and bolstering investor confidence through effective regulation, the inflow
of Foreign Direct Investment into the country remained unsatisfactory. In order to
expose the opportunities that still abound and further develop the market, the
Securities and Exchange Commission (SEC) Central Bank of Nigeria, Federal Ministry
of Finance and Federal Ministry of Trade and Investment, collaborated to host an
exclusive investment forum Tagged ‘Project 50’ on 31st October, 2011.
The forum provided a platform for the country’s top government functionaries,
business leaders, renowned global investors and prominent economic/business
journalists to deliberate on the Nigerian Capital Market in the context of the
country’s development aspirations, fashion out creative pathways that will propel
markets into the future. The event drew attention to government interventions for
engendering market integrity and posturing for a truly robust and well regulated
market.
The major objectives of the forum are to:
share Nigeria’s market regulation scorecard with the investment
community;
identify and assess latent regulatory and systemic constraints which
could potentially undermine market growth, explore creative solutions
to such, and suggest modalities for implementation;
draw attention to market interventions targeted at enhancing market
integrity and high level of compliance with regulatory provisions; and
create a platform for all market stakeholders to interact with a view
to
galvanizing
the
market
for
growth.
The project is expected to make the following impacts on the Nigerian
Capital Market:
increase capital inflow fuelled by strengthened investor confidence.
upswing in market capitalization as trading volumes grow;
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