BY PETER EGWUATU
Stockbrokers have been charged to create financial instruments that will tackle the infrastructure deficit in the country.
The President, Chartered Institute of Stockbrokers (CIS), Alhaji Ariyo Olushekun , who gave the advice to stockbrokers during the 17th Annual Stockbrokers Conference stated that the dearth of much needed infrastructure in Nigeria is one of the most pressing economic and financial challenges facing the country.
To this end and, he said “In line with the Chartered Institute of Stockbrokers mission to continue to provide solutions to topical economic and financial issues of the day, “Power, Housing and Energy Challenges – The Capital Market Solutions” was chosen as the theme of this year’s Annual Conference. He stated that Nigerians can begin to successfully tackle the power, housing and energy challenges via the capital market.
According to him “ As securities and investment professionals, we must work as never before to create and introduce to the capital market, financial products and instruments that will help reduce Nigeria’s infrastructural deficit. We have been given our marching orders; the degree to which chartered stockbrokers are in the forefront of those providing workable capital market solutions to the infrastructure challenges we face as a nation is the degree of viability, prestige and demand that our great profession will enjoy.”
Continuing, he said, “A sure way to succeed in the coming years in our industry is to specialise in the area where you are best suited, your area of comparative advantage. Some of these areas include financial and investment advisory services, corporate finance, asset management, proprietary trading, market and specific company research to name a few. The future belongs to stockbrokers who meet the needs of investors through superior service, having invested in capacity building and acquired cutting edge skills in transaction origination, structuring and above all, robust research.”
On the newly inducted members to the institute, Olushekun charged them to maintain the integrity and uphold professionalism in discharging their duties.