- Targeting the capital market as panacea to the nation’s infrastructural challenges
As the Federal Government makes efforts to solve the infrastructure challenges, investment experts, capital market regulators, operators and other stakeholders will gather on December 7 to proffer ways on how the government can tap into the nation’s capital market to tackle the challenges.
The experts will gather at Dover Hotel, Ikeja, for the 2019 Annual Conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) to discuss the theme: Bridging Nigeria’s Infrastructure Gap: The Capital Market Option. This is according to a press statement from the body.
The Guest Speaker is Mr. Oluseun Olatidoye, who is Head, Debt Capital Markets for FBNQuest Merchant Bank Limited, one of the leading merchant banks in Nigeria.
Olatidoye, who is highly experienced in raising capital, has over the last eight years managing a multi-award winning team that has led the execution of several mandates for sovereign, sub national and corporate issuers valued in excess of five billion dollars.
A penal of specialists from regulatory organisations, securities exchanges and other operators will also discuss and bring more perspectives to Olatidoye’s presentation.
The acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, will be the special guest of honour, while the Chief Executive Officer, the Nigerian Stock Exchange (NSE), Oscar Onyema, Managing Director/Chief Executive Officer, FMDQ Securities Exchange Plc,Bola Onadele, will be guests of honour.
Also, expected is the Managing Director/CEO, Central Securities Clearing Systems Plc (CSCS), Haruna Jalo-Waziri, representatives from listed companies, trade groups and others to grace the occasion.
CAMCAN said the capital market which has a pool of long-term funds, can provide the required financing for infrastructure, saying the experts will examine how government can use the market to solve the infrastructure challenges at relatively cheaper costs.
“Although, Nigerian equities market has witnessed a bearish trend in recent time, the country’s huge infrastructural deficit in power, housing, roads, healthcare, port services among others are still better addressed via the capital market.
“With government economic reforms running at full throttle, prospects are high for the sustained development of the Nigerian debt market as a viable tool for financing Nigeria’s infrastructure,” the association noted.