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CIS urges stronger stockbroker role in economic growth

The President and Chairman of the Council of the Chartered Institute of Stockbrokers, Oluropo Dada, along with the Institute’s First Vice President, Fiona Ahimie, reaffirmed the vital role of stockbrokers in promoting Nigeria’s economic growth and financial stability. Dada made disclosure during a courtesy visit to the Minister of Marine and Blue Economy, Adegboyega Oyetola, […]

The President and Chairman of the Council of the Chartered Institute of Stockbrokers, Oluropo Dada, along with the Institute’s First Vice President, Fiona Ahimie, reaffirmed the vital role of stockbrokers in promoting Nigeria’s economic growth and financial stability.

Dada made disclosure during a courtesy visit to the Minister of Marine and Blue Economy, Adegboyega Oyetola, in Abuja over the weekend.

The CIS delegation emphasized the role of securities dealers in driving investments and advancing national development.

According to Daily Champion, the visit also provided an opportunity to officially invite the minister to the Institute’s National Workshop, set for April in Abuja, which he accepted as the Special Guest of Honour.

Dada underscored the need for enhanced collaboration between the government, financial institutions, and stockbrokers to foster a supportive environment for economic growth.

“At the heart of our discussion was the critical role of the capital market in driving sustainable economic growth. My administration remains committed to championing financial strategies that align with the Federal Government’s vision of achieving a $1tn economy under the leadership of President Asiwaju Bola Ahmed Tinubu,” Dada said.

He noted that the capital market plays a crucial role in this vision, offering the essential funding framework for national development initiatives.

Dada acknowledged the Ministry of Marine and Blue Economy’s vital role in economic diversification, emphasizing that the minister’s participation in the National Workshop would enrich discussions on sustainable financing and strengthen ties between the financial sector and the maritime industry.

In response, Oyetola reaffirmed the government’s commitment to supporting the financial sector and recognized the vital role of stockbrokers in Nigeria’s economic development.