With close to 38 per cent loss suffered investors due to free fall in equity prices in 2018, stakeholders have urged President Muhammadu Buhari to use his second term to prioritise the stock market as the most reliable medium to finance critical infrastructure.
Dearth of infrastructure is routinely identified as the bane of doing business in Nigeria.
Stakeholders, who spoke in a chat with The Guardian on their expectations from the incumbent administration, said there is an urgent need to articulate policies that would boost liquidity in the market, and restore investors’ confidence.
They also bemoaned the unprecedented lull that had besieged the market in the past few months, urging government to create new strategic initiatives that would reverse the weak macroeconomic scenario, and boost yield in the nation’s bourse across all segments.
The Guardian, Tuesday 5, March.
www.ripplesnigeria.com
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