Vice President Shettima has called on leaders in Nigeria’s Capital Market to restructure the system with a view to deploying strategies that would attract more youths to leverage opportunities in the sector.
The restructuring of the sector, he said, should include, among other things, the strengthening of internal mechanisms to checkmate unwholesome practices by unscrupulous persons in the market.
The Vice President made the call on Thursday when he received the management of the Chartered Institute of Stockbrokers (CIS) led by its 13th President and Chairman of Council, Oluropo Dada, on a courtesy visit at the Presidential Villa.
Speaking on the contributions of CIS to the nation’s economy, Senator Shettima observed that while the Institute’s position in the economy is critical, it has been grossly underutilized over the years.
He called for the complete overhaul of the system and deployment of innovative measures for potentials in the space to be fully harnessed.
Shettima noted that a vibrant Stock Market can lead to positive growths in the economy, hence the need for all stakeholders to develop a keen interest in happenings in the market.
The Vice President assured the Institute of the Bola Tinubu administration’s unwavering support for its activities, including efforts to review the Act establishing CIS and its quest to have members participate in the programmes of the National Institute for Policy and Strategic Studies (NIPSS).
President of CIS commended the Tinubu government for its bold and courageous policies, and programmes, including the petrol subsidy removal, banking sector recapitalisation and reforms in the foreign exchange market.
He called on Nigerians to show more understanding and cooperate with the administration, assuring that the Federal Government will meet and even surpass the expectations of Nigerians in the key sectors of the economy.
(Editor: Ken Eseni)
