CIS charts path to revamp capital market, economy for sustainable wealth creation

Holds forum in Lagos
As part of its resolve to support the federal government’s efforts to revamp the economy, the Chartered Institute of Stockbrokers (CIS) has concluded plans to focus on strategic ways of creating sustainable wealth for economic development in its forthcoming conference. 

The conference, slated for October 27 to 28 in Lagos, according to the Chairman, Organising Committee, Yomi Adeyemi would address critical issues affecting the growth of the Nigerian capital market and the entire economy.

Addressing journalists on the preparation for the conference yesterday, Adeyemi explained that the conference, coming at this critical stage of the economy is strategically packaged to provide a platform for aggregating robust ideas that would help move the economy forward.He added that it is also aimed at creating a sustainable development and reinforcing investor confidence in the capital market.

According to them, the current macro-economic concern portends that sound fiscal and monetary policy; innovation and development of the entire value chains are necessary to revamp the economy from its current recessionary status.

Commenting on the theme: “Building New Pillars, Creating New Values for Sustainable Development”, the chairman explained that it is predicated on the compelling need to strengthen the competitiveness of the Nigerian economy of which the capital market is the hub of medium and long term source of finance.

“ The Institute holds annual conference as a strategic forum to articulate issues that can move the Nigerian Capital Market and indeed the Financial Market forward.
 
“This year’s conference is coming at a period when all hands must be on deck to address the challenges facing our economy and the effects on the capital market.

Therefore, the conference theme, “Building New Pillars, Creating New Values for Sustainable Development”, is predicated on the compelling need to strengthen the competitiveness of the Nigerian economy of which the capital Market is the hub of medium and long-term source of finance. What are the pillars of sustainable development? How do we create enduring values?

“Our partners in progress, this year’s Conference will attract finance and industry experts who are expected to discuss the theme from various perspectives and proffer workable solutions. “, he said

He noted that the Securities and Exchange Commission (SEC) and other capital market stakeholders had actively supported the Conference.The dignitaries expected at the conference, according to him, are Vice President, Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN, Governor, Lagos State, Akinwunmi Ambode, former President of Nigeria, Chief Olusegun Obasanjo, among others.

“An integral part of the Conference is the Awards of Associates and Conferment of Fellowship to members. Last month, the Institute held a very successful Investiture, which ushered in its 20th President, Oluwaseyi Abe. An important segment of the Conference is the induction of our Associate members and Conferment of Fellowship to deserving members,” he added.