Capital market participants have been urged to capitalize on technology’s potential to improve their operations while remaining mindful of the hazards involved.
According to The PUNCH, During his keynote speech at the Institute of Capital Market Registrars’ 12th annual conference over the weekend, the President of FinTech Nigeria, Ade Bajomo, made this claim.
‘Navigating Nigeria’s Economic Realities: The Transformative Power of Technology in the Capital Market’ was the conference’s theme.
According to Bajomo, “Capital market operators must employ technology if our sector is to participate in the fifth industrial revolution. Technology has the potential to be a potent equalizer. Time and again, evidence has shown that those who use technology in a certain manner will keep a competitive advantage.
Also speaking was the CEO of Central Securities Clearing System Plc, Haruna Jalo-Waziri who predicted that the capital market would see new products emerge as a result of technology adoption and fintech support.
The President/Chairman of Council, ICMR, Oluseyi Owoturo, stated in his welcome speech that the conference’s theme was based on the difficult economic circumstances facing the nation.
“At this conference, the Institute would like us to discuss how Nigeria is navigating these economic realities due to the weakening macroeconomic environment, surging inflation that is driving millions of Nigerians into poverty amid global commodity shocks, depreciating currency etc
“Navigating Nigeria’s Economic Realities: The Transformative Power of Technology in the Capital Market” is the theme of this year’s conference.
“We hope that this conference will reveal the steps that need to be taken to revive the Nigerian capital markets, unlock the mysteries of navigating economic uncertainty, and demonstrate how cutting-edge technology can revolutionize and grow the capital market.”
Professor of capital markets, Uche Uwaleke, offered advice to businesses during his presentation at the conference on how to weather the country’s economic storms by diversifying their commercial operations.
During the ceremony, 27 Associates were inducted together with nine Fellows and five Honorary Fellows.
