Why Nigerian Capital Market needs entrepreneurs – Stockbrokers

Stockbrokers in the Nigerian Capital Market have stated that the market is in dire need of entrepreneurs to boost activities and reposition the market for global competitiveness.

The stockbrokers  stressed that no capital market can thrive without the participation of entrepreneurs who have the capacity to bring their companies for listing on the stock exchanges.

In a chat with news men to announce their plans for this year’s stockbrokers’ conference, scheduled for Thursday,  October 29 and Friday, October  30, in Lagos,  the Chairman, Programmes Committee, Mr. Akeem  Oyewale said that the theme of this year’s conference: “Entrepreneurship and the Capital Market: Fast Tracking a New Economy for Africa.”

Oyewale explained that this year’s conference, the 19th in the series, would attract over 750 participants from all over the world.

“It has been proven that our annual conference is a platform for articulating issues that would help the government in its policy planning and implementation. Last year’s conference focused on the entertainment industry  and many of the key players in that sector have been utilizing the market facilities to expand their businesses. Capital market  is not just about listing alone, there are other windows such as the use of debt instruments to raise fund. We are focusing on the entrepreneurs  this year as part of our impute towards strengthening the Africa capital markets.  We want to promote entrepreneurs because they occupy a pivotal role in the development of a Capital market, ” he said.

Also speaking, the Chairman, Annual Conference Sub-Committee, Mr Wale Agbeyangi explained that participants for this year’s conference had been carefully selected with emphasis on those who are knowledgeable about issues of capital market development.

He  stated that the Vice President of the Federal Republic, Professor Yemi Osinbajo is expected to flag off the conference  while the Acting President, Chartered Institute of Stockbrokers (CIS) Mr Oluwaseyi Abe would present a welcome address.

Speaking on the roles of entrepreneurs, the Managing Director, Fortress Capital, Mr Yomi Adeyemi explained that Africa has many entrepreneurs that can compete globally. According to him, there is so much that Africans can do on their own.

“We need to promote our entrepreneurs. As the present administration tries to tackle social problems including unemployment, the roles of entrepreneurs become more glaring. We must encourage our entrepreneurs to come and create more businesses and employ people,” he said.