Cross Section of the Participants at the SEC Journalist Academy 2018 held in Uyo, Akwa Ibom State

 

 

By Ngozi Onyeakusi — The President, Chartered Institute of Stock Brokers (CIS), Adedapo Adekoje yesterday disclosed that only less that five per cent of the Nigerian population have investment on the nation’s bourse.

Speaking at the Securities and Exchange Commission (SEC) Journalists’ Academy 2018 held in Uyo, the Akwa Ibom State capital, Adekoje regretted that only one per cent of registered companies in Nigeria are listed on the Exchange.

Noting that awareness about the Nigerian capital market was still low, Adekoje pointed out that Nigeria still have a long way to go even as he called for focus on investor education.

Adekoje who described investment in the capital market as highly risky, said it is the easiest and best way to grow rich.

He insisted that Nigeria is presently bearing burden of infrastructure deficit, which the government cannot tackle alone using funds from crude oil, but added that long term loan from the nation’s capital market can bail country out.

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