Dogara pledges legislative support for capital market development

By Kayode Ogunwale

The Speaker Federal House of Representatives, Rt. Honorable Yakubu Dogara has declared full support for capital market development in Nigeria.
The speaker who visited the Nigerian Stock Exchange (NSE) alongside Chairman, Committee on Capital Market, Hon. Tajudeen Yusuf, Deputy Chairman, Media and Publicity, Hon. Gaza Gbefwi and ring the closing bell of the trading toady in Lagos pledged that the house would take Nigerian capital market development serious.
The visit which was the first time any Nigeria House of Representatives speaker will ring the closing bell on the bourse delighted the stockbroker community.
Dogara said the visit is to underpin the fact that the House of Representatives are working with stakeholders to deepen Nigerian Capital Market.
According to him, “We believe haven a robust stock market will go a long way in engendering economy prosperity for our teaming citizen who are putting their money in capital market. We will take this market seriously.
He further that, “in few weeks ago there was a summit organized by the joint committee of National Assembly, in communique of the conference there are some take home for us as legislature we promise that every agreement reach in that conference we will give them legislative attention.”
He stated that, the launched Nigerian Capital Market Master Plan would be implemented.
Dogara stressed that, “if the master plan is not implemented, it has good as no plan at all. We will use our legislative powers to foster capital market master plan implemented.
In his comment, the Doyen of the market, Alhaji Rasheed Yussuff pledged support for legislative action in uplifting the capital market.
Yussuff said, the stockbroking community are ready to work with government to make Nigeria great.
“When America economy is number one in the world, her capital market is also number one, when South African economy is numb r one in the continent, her capital market is number one as well, today Nigeria economy is number one in Africa but capital market is number three, therefore we have a challenge to work upon and make sure Nigeria capital market take it position as number one in Africa”, Yussuff said.