The President and Chairman of the Council of the Chartered Institute of Stockbrokers, Oluropo Dada, alongside the Institute’s first Vice President, Fiona Ahimie, has reiterated the crucial role of stockbrokers in driving Nigeria’s economic growth and financial stability.

Dada made the remarks during a courtesy visit to the Minister of Marine and Blue Economy, Adegboyega Oyetola, in Abuja over the weekend, where the CIS delegation highlighted the significance of securities dealers in facilitating investments and promoting national development.

According to Daily Champion, the visit was also an opportunity to formally invite the minister to the Institute’s upcoming National Workshop, slated for April in Abuja, which he graciously accepted as the Special Guest of Honour.

Dada stressed the need for stronger collaboration between the government, financial institutions, and stockbrokers to foster a conducive environment for economic expansion.

“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,” Daily Champion quoted Dada as saying.

He added that the capital market serves as a key enabler of this vision, providing the necessary funding framework for national development initiatives.

Recognising the potential of the Ministry of Marine and Blue Economy in economic diversification, Dada noted that the minister’s participation at the National Workshop would enrich discussions on sustainable financing models and reinforce collaboration between the financial sector and the maritime industry.

Responding, Oyetola expressed the government’s commitment to supporting the financial sector and acknowledged the important role stockbrokers play in the country’s economic development.

The workshop is expected to bring together key stakeholders in the financial sector to discuss pressing issues, share insights, and explore growth opportunities. It will also serve as a platform for networking, knowledge-sharing, and fostering stronger ties between stockbrokers and policymakers.


https://punchng.com/cis-advocates-stronger-stockbroker-role-in-economic-growth/