The experts, who spoke in separate interviews with The Guardian, argued that government should seek to moderate the destabilising influence of foreign portfolio investments in the Nigerian capital market by boosting domestic participation.
He pointed out that this was due to the absence of a competitive savings plan that would mop up a larger pool of funds to be deployed to specific sectors for sustainable economic growth. He expressed regrets that Nigeria has a federation account where all government revenues are paid and shared among the three tiers of government but there is no provision for savings.
He submitted that government must introduce the right incentives to encourage more people to save on a long-term basis to mobilise long-term savings. Local investors accounted for the biggest share of equity transactions on the Nigerian Exchange Group in the first six months of 2021, since 2011.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NPA, Customs commend APM Terminals for improved operations | The Guardian Nigeria News - Nigeria and World NewsThe Nigerian Ports Authority (NPA) and Nigeria Customs Service (NCS) have commended APM Terminals Apapa’s new digitalised administrative building, which is part of the company’s $438 million investment in the Port’s Complex Apapa.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Join politics to reinvent Nigeria, Christians urged | The Guardian Nigeria News - Nigeria and World NewsConvener of Governing The Nations Conference (GTNC), Ikenna Nsofor, has urged Christians to get involved in governance with a view to addressing Nigeria’s economic and security woes. Pastors, STOP manipulating your church members. Church members, liberate yourselves, Igbo members join BIAFRA NATION NOW, while the Yorubas join the YORUBA SELF DETERMINATION for the YORUBA NATION NOW. Nothing like one Nigeria, it’s deceit by wicked politicians. Liegeria is dead
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Fintech pledges to deepen financial inclusion in Nigeria | The Guardian Nigeria News - Nigeria and World NewsFintech and digital banking platform NowNow has reaffirmed its commitment to drive financial empowerment as well as introduce new products and services to Nigerians. How long have u be be living with Diabetes?have you given up?After u have taken several pills,expensive Diabetes remedies pills,yet,there's no changes,worry no more,I can cure Diabetes with Herbal mixture,100% effective with no side effects,don't let Diabetes disgrace u,DM 4 info
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Aubameyang: Barcelona's free gift who keeps on giving | The Guardian Nigeria News - Nigeria and World News'A gift from heaven,' was how Barcelona coach Xavi Hernandez described the arrival of Pierre-Emerick Aubameyang and the striker, discarded by Arsenal, has certainly delivered.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Osinbajo’s silence and its consequences for 2023 | The Guardian Nigeria News - Nigeria and World NewsVice President Osinbajo’s political ambition and muteness are more tricky and politically imprudent. Some Nigerians are more versatile and intelligent to discern and understand the motives behind VP’s gesture and political opportunism.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Nigeria's insecurity and the attack on bourgeois nationalism | The Guardian Nigeria News - Nigeria and World NewsThe oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them – Karl Marx Neo-Marxists have, for ages, argued that capitalism mainly serves the rich as they consume most of the resources. To a large extent, they argue that Karl Marx was right […] Are you living with Diabetes or u ve someone who is suffering from Diabetes?my DM is open,don't allow Diabetes to disgrace u or send u to ur early grave,check my pined Tweet,I'm not a scammer,I can cure Diabetes,I'm not hungry,I have other businesses,I smoke cat fish,I sell doors
Source: GuardianNigeria - 🏆 1. / 94 Read more »