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FG Underscores Capital Market Role In Nigeria’s $1trn Economy Target

VICE President Kashim Shettima has underscored the crucial role the Nigerian capital market must play in the realisation of the tar­get of the President Bola Ahmed Tinubu administration to create a trillion-dollar economy.

“We are now in a knowl­edge-driven age; without the skill set, we cannot make much progress. The capital market has a very prominent role to play in pushing us to the one trillion-dol­lar economy. With your intellect, experience, and the quality of your membership that counts – not in numbers – we can achieve our objective,” Shettima said.

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The vice president stated these on Tuesday when he received on a courtesy visit to the Presidential Villa, executive members of the Association of Capital Market Academics of Nigeria (ACMAN) led by its President, Prof. Uche Uwaleke.

Sen. Shettima, who lauded the efforts of capital market experts, emphasised the significance of their contributions to ongoing interventions to transform the nation’s economy.

He said, “We have the skill set, the people, but what matters is the leadership that will push us to cross the Rubicon. We need your association to work with us to come up with robust solutions to our nation’s needs.

“Wherever Nigeria goes, that’s where Africa will go. So, we have that moral burden to make this continent work. That is why I am pleased with your partnership and support for our administra­tion.”

Earlier, the President of AC­MAN, Professor Uche Uwaleke, said they were at the Presiden­tial Villa to give the association’s support to the reforms of the President Bola Ahmed Tinubu administration in areas of fiscal policy.

He explained that the associa­tion, comprising professors and senior academics from Nigeri­an universities specialising in financial market research, has taken steps to strengthen the bond between academia and industry.

“Today, the association wel­comes captains of industry in order to strengthen the bond be­tween the town and the gown,” Uwaleke explained.

In a move that signifies the growing importance of academ­ic input in national economic policies, ACMAN conferred its highest membership status on Vice President Shettima.

“The second objective is to confer on His Excellency, Vice President Kashim Shettima, the highest membership status of the association – Fellowship of Capi­tal Market Academics,” Uwaleke announced.

This decision made unani­mously at ACMAN’s last confer­ence recognises VP Shettima’s role as Chairman of the National Economic Council (NEC).

Uwaleke explained that “at the last conference we had, members unanimously nominated His Excellency as a fellow of the as­sociation as the Chairman of the National Economic Council.

“We look forward to your in­augural lecture, a very import­ant condition for the award,” he added.

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