Investor confidence has been described as one of the key ingredients that will accelerate the growth of the nation’s capital market and increase both domestic and foreign investor participation.
This was stated by the Minister of Finance Budget and National Planning, Mrs. Zainab Ahmed during the launch of the revised Capital Market Master Plan in Lagos Thursday.
Represented by the Director General Debt Management Office, Ms. Patience Oniha, Ahmed while pledging the continued support of government to strengthen the regulator to effectively do its job of regulating and developing the Capital Market said the market should be characterized by high level of compliance with ethical standards, deep liquidity and sophistication, good corporate governance, and a strong domestic investor base.
Ahmed said the implementation of the Master Plan is one of the key initiatives in the 40- Deliverable Presidential mandate of the Federal Ministry of Finance, Budget and National Planning.
This the Minister said underscores the fact that capital market growth resonates with this Administration’s unwavering commitment to deepening and re-positioning the financial market as a key anchor to achieving a private sector led development of our economy as emphasized in the National Development Plan (NDP) objectives.