8 December 2012

Nigeria: FG, Stockbrokers to Meet On Power, Telecommunications

Lagos — The Federal Government and key stockbrokers will be meeting in Abuja on Monday to brainstorm on the way forward for the nation's telecommunications and power sectors

Representatives of government expected at the session include Vice President Namadi Sambo, Mrs. Ngozi Okonjo-Iweala, Minister of Finance and Coordinating Minister for the Economy, Mrs. Omobola Johnson, Minister of Communications Technology, and Malam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN).

The meeting to be coordinated by the Chartered Institute of Stockbrokers (CIS) is meant to generate quality input which it intends to make available to the Federal Government in designing the appropriate policies for the country.

CIS President Ariyo Olushekun, President, Chartered Institute of Stockbrokers (CIS), said brokers have resolved to take a more active role in influencing economic policy by organizing annual national workshops that would contribute immensely to the transformation, not only of the capital market, but the national economy as a whole adding that the brainstorm session would generate ideas which would serve as useful input to the national budget and enhance the quality of the policy making process.

"It will also assist government agencies to track budget performance and showcase best practices in service delivery. Further, the workshop will present an avenue to influence government policies thereby ensuring the growth and development of key sectors of the Nigerian economy," Olushekun said.

Olushekun noted that the two sectors were chosen because they hold strategic importance to the realization of the vast potentials of the Nigerian economy, and reinvigoration of the capital market.

Chairman, CIS National Workshop Committee, Okumagba, said the workshop would serve as a platform for generating strategies for driving visible and measurable changes in the Nigerian economy.

According to him, the inaugural national workshop has been structured to provide an interface between the policy makers and capital market stakeholders with a view to establishing an on-going dialogue that will ultimately facilitate better policies that will aid sustained economic development.

Others expected are Oscar Onyema, Director General, The Nigerian Stock Exchange, Mrs Arunmah Oteh, Director General, Securities and Exchange Commission, Mr. K. Ahmad, Managing Director/Chief Executive Officer, Pension Commission (PENCOM), Alhaji Aliko Dangote, Chairman, Dangote Group, Dr Oba Otudeko, Chairman, Honeywell Group, Dr Abraham Nwankwo, Director General, Debt Management Office, Mr Tony Elumelu, Chairman Heirs Holdings, Mr.Atedo Peterside, Chairman, Technical Committee of National Council on Privatization

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