LAGOS-Some market operators have urged the federal government to provide the needed conducive environment for the country’s capital market.
Reacting to the reluctance of government to announce any major financial bailout for the capital market, a broker with Yuberb Investment and Securities Ltd, Mr. Yinka Erikitola, told newsmen on Wednesday in Lagos that the government was expected to provide the enabling policies and environment for market operators.
Erikitola said that good and unwavering policies were needed for growth and sustenance of the capital market.
He said that such policies and subsequent implementation would keep foreign investors in the market, warning that a situation where foreign investors were divesting their investments from the market because of policy issues was not healthy for the country.
According to Erikitola, every capital market around the world operates to accommodate and encourage foreign investors, who come with their technology.
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