By Chibuzor Alli
Nigeria’s stockbrokers and capital market operators have been challenged to channel the country’s growing investment resources into productive businesses, infrastructure and job creation, amid concerns that rising market valuations and capital mobilisation are yet to translate sufficiently into broad-based economic prosperity.
The challenge was delivered by industry leaders and policymakers at the 30th Annual Conference of the Chartered Institute of Stockbrokers (CIS) in Lagos, where participants called for a stronger connection between financial market activities and the real economy.
With the theme, ‘From Capital Mobilised to Prosperity Realised: Financing Nigeria’s Next Era of Growth and Global Competitiveness’, the conference focused on how Nigeria could deploy its capital market to finance businesses, expand industrial capacity, address infrastructure gaps and generate employment.
CIS President and 14th Chairman of Council, Dr Fiona Ahimie, said the performance of the capital market should be judged by its contribution to economic development rather than conventional financial indicators alone.
“The success of the capital market should be measured not only by market capitalisation, transaction volumes, and funds raised, but also by its contributions to infrastructure development, industrial growth, employment generation, and improved living standards,” Ahimie said.
She described the capital market as an essential link between investors with available savings and businesses seeking long-term funding, stressing that mobilised capital must find its way into productive investments capable
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