Oluropo Dada, inaugurated as the President and Chairman of the Governing Council of the Chartered Institute of Stockbrokers, recently highlighted the significant potential of Nigeria’s equity market, estimating it could yield up to $500 billion. He emphasized his commitment to fostering inclusive participation across all financial market stakeholders, aiming to enhance recognition and support for securities professionals within Nigeria’s capital market. Dada’s vision includes driving economic growth with a robust double-digit GDP target, with the capital market playing a pivotal role in achieving at least half of the projected $1 trillion goal.
He advocated for collaborative efforts among stakeholders, aiming to bolster capacity building and nurture cooperative relationships between securities dealers and trading platforms nationwide. Dada underscored the importance of reducing Nigeria’s informal sector to accelerate GDP growth, proposing policies to incentivize public limited liability companies to list on SEC-registered exchanges.
Furthermore, he endorsed the ongoing banking sector recapitalization and put forth a comprehensive 10-point recommendation to government and market regulators for seamless implementation. Vice President Kashim Shettima urged the institute to forge close partnerships with the Federal Government to drive economic transformation. Meanwhile, Governor Abiodun Oyebanji of Ekiti State commended Dada’s integrity and leadership, pledging unwavering support for his administration.
