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Stockbrokers, Stakeholders to Set Agenda for Economic Recovery

By Goddy Egene

As part of its determination to assist the federal government in its efforts to revamp the economy, the Chartered Institute of Stockbrokers (CIS) decided to focus on strategic ways to create sustainable economic development in its annual conference slated for October 27 and 28 in Lagos.
Consequently, the market operators have chosen “Building New Pillars, Creating New Values for Sustainable Development,” as the theme.
The Institute holds an annual conference as a strategic forum to articulate issues that can move the Nigerian capital market and indeed the financial market forward.

Speaking on the this year’s conference, Chairman of the  Organising Committee, Mr. Yomi Adeyemi explained it  would  address critical issues affecting the growth of the Nigeria’s the nation’s capital market in particular and economy in general.

Adeyemi said: “This year’s conference is coming at a period when all hands are on deck to address the challenges facing our economy and the effects on the capital market. Therefore, the conference theme, “Building New Pillars, Creating New Values for Sustainable Development,” is predicated on the compelling need to strengthen the competitiveness of the Nigerian economy of which the capital market is the hub of medium and long term source of finance. What are the pillars of sustainable development? How do we create enduring values?

“Coming at this critical stage of the Nigeria’s economy which is in dire need of double digit growth, the conference is strategically packaged to provide a platform for aggregating robust ideas aimed at creating a sustainable development and reinforcing investor confidence in our capital market. It is now clear than ever that sound fiscal and monetary policy, innovation and development of all value chains are necessary to revamp the Nigeria’s economy from its current recessionary status.”

Adeyemi commended the financial media for the efforts that contributed to the success of past conferences.
According to him, “as intermediaries between us and the public, we must recognise your fundamental roles of disseminating market information, hence, we count on your professiona support as stakeholders. Let me seize this opportunity to appreciate your wonderful support for our recent Investiture.  It was well disseminated and we appeal for your understanding and support for this year’s conference as well.”

The Second Vice President, CIS, Mr. Tunde Amolegbe, said the annual conference of the institute has been a reference point in the economy as it has helped in the policy advocacy.
He said in line with determination of CIS to continue to contribute to  growth of the economy, the theme of this year’s conference was chosen. He said Vice President Yemi Osinbajo is being expected at the conference among other top,government functionaries.