Published On Premiered Mar 12, 2024
This edition of the Economy and Politics show, anchored by Ottoabasi Abasiekong, features Mr. Johnson Chukwu, the Group Managing Director, Cowry Asset Management, as he speaks on “Repositioning The Capital Market to Support Nigeria’s $1trn GDP Aspirations.”
He believes efforts towards formalizing key sectors of the Nigerian economy like Agriculture, Information and Communications Technology and Manufacturing can improve the listings of companies in the Stock market, deepening the market, improving liquidity and the market capitalization to GDP in the economy.
The financial analyst called for revising the Capital Market Master Plan, which encourages Blue-Chip Companies across sectors, SMEs, Technology Companies, Agribusinesses, and even sports-based companies to leverage the capital market.
He noted that the current high-interest rate regime in the country provides the opportunity for companies to explore the equities market for listing instead of raising debt.
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