Agama, Bajomo, 78 others bag Fellowship of Stockbrokers’ Institute as 210 inducted associates

The Director General , Securities and Exchange Commission (SEC), Dr Emomotimi Agama and an Octogenarian, Senator Felix Bajomo were among the 80 Stockbrokers invested as Fellows by Chartered Institute  of Stockbrokers (CIS) at its 28th yearly Stockbrokers’  Conference, held in Ibadan, Oyo State, at the weekend .

The Institute also inducted 210 Associates at the Conference, themed ” Capital Market as Catalyst for the $1.0 trillion Economy”. In his welcome address , the 13th President and Chairman of Council of the Institute, Oluropo Dada explained that the Nigerian capital market had potential to enhance the Federal Government’s plan to make the country a $1.0 trillion economy.

“The theme was deliberately crafted to serve as the Institute’s contribution towards achieving one of the Federal Government of Nigeria’s cardinal objectives, which is growing the GDP of Nigeria to $1trillion as quickly as possible. It is our conviction, after carefully studying the paths taken by the developed countries of the world,  achieving a trillion-dollar Nigerian economy necessarily requires a comprehensive exploration

“The decision of the Institute to hold the 2024 edition in Oyo State was borne out of the following carefully thought-out reasons: Oyo State has a unique legacy in the history of Nigeria and remains to date, one of the most important commercial centres in the country.  Oyo State is home to several industries, ranging from agro-allied, tobacco processing, textile, to leatherworks and furniture making, among others,” Dada said.

Corroborating him , the Director General, Securities and Exchange Commission (SEC), Dr Emomotimi Agama, advocated collaboration amongst all stakeholders and deployment of fintech as a strategy to achieve $1.0 trillion economy in Nigeria.

” The success of the $1.0 trillion economy vision largely depends on the collective efforts of all stakeholders in the financial ecosystem. By fostering collaboration between regulators, market operators, and policymakers, we can create a more resilient and inclusive market. The role of technological innovations in the market cannot be overstated.

” Embracing fintech solutions, blockchain, and digital assets will further enhance market efficiency and transparency. The critical review of sectors, investment strategies, market regulations, and technological innovations that the conference promises will undoubtedly provide a roadmap for the capital market’s contribution to Nigeria’s economic transformation.” said Agama.

As an endorsement of the Institute’s activities by tbe government,  it was attended by the Special Adviser to the President on Economic Affairs, Dr Tope Fasua, Chairman, House Committee on Capital Market, Hon. Solomon Bob and  Representative of Chairman,  Senate Committee on Capital Market, Senator Anthony Yaro . They all delivered goodwill messages. There were outpouring of goodwill messages also from many capital market operators,  including the Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Sam Onukwue  and the Chief Executive Officer of NASD PLC , Eguarekhide Longe who pledged their members’ support for CIS.

A unique aspect of the Conference was the Career Talk to some secondary school students as a strategy to expose them to making a career in the securities market . There was also a factory by Stockbrokers  to some companies , including FTN Cocoa Processing PLC and Nigerian Breweries PLC at Ibadan as a first hand knowledge of their operations .