Peter Egwuatu & Franklin Alli
18 November 2008
OGUN State Governor, Otunba Gbenga Daniel, yesterday, urged the Central Bank of Nigeria (CBN) to quickly come out with bailout strategy that would restore sanity in the financial system in view of the ongoing global financial disorder, even as he reaffirmed commitment of his administration to provide enabling and conducive environment for business to thrive.
Speaking at the commissioning of the 11th Branch of the Nigerian Stock Exchange Electronic/Automated Trading Floor at the South West Resource Centre, Abeokuta, the Governor, said the edifice when completed will serve as the headquarters complex of Gateway Holdings Limited and the permanent home of Stock Exchange in the State.
On the berth of the Stock Exchange in the State, the Governor declared: "We are quite proud and elated to note that during our administration, many positive developments are coming to our state which further strengthens our linkage with the era of great sage.
Let me state that with the establishment of Abeokuta branch of the Nigerian Stock Exchange, the enabling environment is once again provided and the investment climate further enhanced. The state is now set on an industrial and economic platform."
He advised both prospective and existing investors to take the Gateway advantage that the Ogun State offer and the benefits of the newly created branch of the Exchange to invest in the State.
According to him, "The opening of a NSE branch in Abeotuta is historic. This event signals an upward economic turn for Ogun State and marks the crowning of our efforts at shifting the economy of our State to higher ground.
The opening of the Abeokuta floor of the stock exchange, almost 33 years after the creation of Ogun State is a major achievement and celebration of all that we stand for in this administration freshness, innovation, doggedness, and an abiding faith in the power of providence to turn situations around for all who walk according to the will of God".
In her speech, Professor Ndi Okereke-Onyiuke, Director -General of the NSE said , "Ogun State's entrenched culture of enterprise and industry will contribute to the growth and progress of the Abeokuta branch of the trading floor of the NSE.
The DG said she was not surprised by the tenacity of Governor Gbenga Daniel, whom she described as a visionary leader, to bring the Exchange to Abeokuta since all the people who made NSE thick were from Ogun State.
She said Ogun had a lot of businessmen and women who were already active participants in the capital market and this would contribute to the viability of the new floor.
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