by 24 per cent, stakeholders have stressed the need for government to position the market at the centre of policy formulation in order to achieve a more vibrant and competitive market.
This was in spite of various efforts put in place by the regulators to boost investors’ confidence as restore the market on the part of sustainable recovery. Specifically, the Vice President of High cap Securities, David Adonri said: “While Boko Haram continued their reign of terror in the Northeast, Fulani bandits made the Northwest and Middle belt ungovernable. Occasionally, the bandits extended their criminalities and violence to the South.
He continued;” The socio-economic situation in Nigeria in the past one year of President Buhari’s tenure impacted the capital market negatively. “There is very little hope that the capital market can be vibrant, liquid and profitable in the foreseeable future under this administration. However, if the President starts to connect better with the people and discontinues his parochial policies, then things can change for the better.”
“Apart from the doctors and nurses who are front liners, the people who make healthcare work and commercially viable are the scientists and biomedical engineers who are behind the scene. “ This is the tenth year of prosecuting the Boko Haram war and Nigeria, which is the richest country in Africa with a population of over 200 million people is yet to defeat the ragtag insurgents.
“The economic environment is unfavorable to businesses because of lack of foreign exchange, Port congestion, high cost of funds as well as policies somersault of the federal government. The 2019 election also affected the market. Currently, the Nigeria capital market is still undervalued.” According to him, unemployment and underemployment rates are quite a high due in part to the challenge still posed by the power sector.
Better to say no hope than saying little hope. Or very little 😭👊 Who are you deceiving
Better to say no hope than saying little hope. Who are you deceiving
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