Young people can take Nigeria’s capital market to the next level, says Osinbajo

Osinbajo expressed his point of view in his opening speech at the Nigerian Exchange Group (NGX) First Capital Markets Conference, which was held in Abuja on Wednesday, December 1, 2021.

According to the vice president, “Every savvy investor must now seek to be part of the miracle of the Nigerian unicorns, the five or six indigenous Nigerian businesses (run by young Nigerians) that have grown into billion dollar businesses since 2015 amid two recessions. ”

He solicited the adoption of technology “Attracting a new generation of young investors, many of whom use their smartphones primarily to engage in business and banking activities today.

“And you commendably started the journey towards the digital transformation of the market, following the very successful example of banks and, of course, telecommunications operators.”

He added that: “Today, the huge outlets already created by telecom operators, with more than a hundred million subscribers, the broad reach of banks, in particular with the many financial inclusion initiatives, probably make it the best time to digitize the capital market for attention. the millions of new young individual investors.

The conference also featured remarks by House of Representatives Speaker Femi Gbajabiamila; Senator Ibikunle Amosun – who represented the President of the Senate, Ahmed Lawan; president of the conference and president of the BUA group, Alhaji Abdul Samad Rabiu; and messages of goodwill (via the Zoom video) from His Royal Highness, Muhammadu Sanusi II; and the Managing Director of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda.

The event also brought together the Governor of Ekiti State and Chairman of the Nigerian Governors Forum, Dr Kayode Fayemi; the Governor of the State of Niger, Abubakar Bello; the governor of Edo State, Godwin Obaseki; Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed; and the host of the conference, the CEO of Nigerian Exchange Limited, Mr. Temi Popoola, among others.