Stockbrokers to propel Nigeria toward $1 trillion economy
In a bid to tackle the challenging economic landscape in Nigeria, the Chartered Institute of Stockbrokers (CIS) is gearing up to harness the financial expertise of its members to help the Federal Government achieve its ambitious target of a $1 trillion economy.
This initiative will be a focal point at the 28th Annual Stockbrokers Conference, taking place on November 7 and 8, 2024, at the Jogor Event Centre in Ibadan, Oyo State. Themed “Capital Market as a Catalyst for the $1 Trillion Economy,” the two-day event aims to explore the vital role that the capital market plays in stimulating Nigeria’s economic growth.
The conference will gather policymakers, industry leaders, and financial experts to share insights and propose solutions to the pressing challenges facing the Nigerian economy. According to a statement from Dr. Josiah Akerewusi, the Institute’s Registrar and Chief Executive, participants will assess the current economic situation, identify areas for improvement, and discuss strategies to enhance the capital market’s contributions to growth.
“With the vision articulated by President Bola Ahmed Tinubu to achieve a $1 trillion economy during his tenure, we believe the Nigerian capital market is well-positioned to drive this vision forward,” Akerewusi stated. He added that the capital market could potentially generate up to half of the targeted $1 trillion.
The choice of Ibadan as the conference venue is strategic, offering participants a chance to escape the hustle of Lagos and enjoy a relaxed environment conducive to networking and collaboration. Fiona Ahimie, the 1st Vice President, remarked on Ibadan’s rich history and attractions, noting that many listed companies have their factories in the city.
Simisola Ojumu, Vice Chairman of the Annual Conference Committee, emphasized the conference’s unique focus on making Nigeria’s business environment more appealing to both domestic and foreign investors. “The panel sessions are structured to tackle critical issues regarding policy and regulatory frameworks that enhance capital market performance,” she said.
Topics for discussion will include “X-Raying the Critical Sectors of the Nigerian Economy: Recommendations for Improved Performance,” “Strengthening the Capital Market’s Role in Economic Growth,” and “Harnessing Digital Innovation for Capital Market Expansion.”
As the stockbroking community unites for this pivotal conference, the potential for the Nigerian economy to transform into a global powerhouse is more tangible than ever.
