Osinbajo, Soludo , Sanusi to grace CIS’ recession talks

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Apparently miffed by the negative impacts of the
on-going economic recession on the Capital
Market, Vipe President Yemi Osinbajo will lead
seasoned technocrats,
frontline stockbrokers and
top government functionaries who will converge on
Lagos for the 9th edition of Investiture of the
President of the Chartered Institute of Stockbrokers
(CIS) to discuss the way forward.
The Investiture, with the theme : “ Growth, the only
Nigerian Imperative”. is to enable the institute’s
President/ Chairman of its Governing Council, Mr
Oluwaseyi Abe, to receive the staff of authority
Wednesday next week.
The forum will enable experts to review the
government’s current efforts to address the
recession and propose credible options to take
advantage of the capital market to finance
infrastructural development.
Vice-President Osinbajo is expected to unfold “
The New Nigerian Economy “ at the event, while
the Executive Vice Chairman, Travant Group, Mr
Mustapha-Chike Obi, is expected as Guest
Speaker. His paper would be moderated by the
renowned financial analyst, Mr Bismarck Rewane.
On the list of the panel members to discuss the
papers scheduled for presentation are the two
former governors of the Central Bank of Nigeria
(CBN), Professor Charles Soludo and Emir of Kano,
Muhammadu Sanusi, while others are the frontline
economist, Dr Doyin Salami ,and the president,
Issuing Houses Association of Nigeria, Mr Sunny
Ayere.
Abe was elected the President of the Institute in
April this year alongside with Mr Adedapo Adekoje
and Mr Tunde Amolegbe as the First and Second
Vice President respectively.
The high profile Investiture will be attended by the
former Vice President of Nigeria, Alhaji Atiku
Abubakar, Senator Bola Ahmed Tinubu and other
prominent Nigerians from all walks of lives
Goodwill messages are expected from NASD Plc’s,
FMDQ OTC Plc, NCX, AFEX and ASHON.
Akwa Ibom seeks investors for non-oil sector
By Louis Iba
Akwa Ibom State is seeking fresh private sector
investments to assist unlock its agricultural,
industrial and other non-oil sector potentials in a
bid to shore up its Internally Generated Revenue
(IGR) and create jobs for citizens.
Some top officials of the state who addressed the
press during a business seminar held at the
Conference Hall of the Qua Iboe Church, Surulere,
Lagos recently said the ongoing recession in the
country spiked by the crash in prices of crude oil
in recent months had affected revenue earnings
accruing to the state and the personal incomes of
indigenes both at home and even in the Diaspora.
But they noted that the ugly trend was a blessing
in disguise, especially for indigenes who were
ready to make the effort to harness the potentials
that abound in the non-oil sector of the state. The
press conference was addressed by the following:
Messrs Sam Edoho, Senior Special Assistant to the
Akwa Ibom State Governor on Marketing and Brand
Management; Udeme Ufot, Managing Director
SO&U Group and Chairman, Akwa Ibom State
Technical Committee on Foreign Direct Investment
(FDI); Aniekan Ukpana, and Sam Bassey, Special
Representative of the Governor for Lagos State. The
speakers lauded the Governor of the State, Mr.
Udom Emmanuel for personally launching out
campaigns across the country to sensitizraise
awareness on the potentials and rewards that
abounds for investors in the state.
“Our dream for a prosperous state is now
anchored on agriculture and industrialization and
to do this effectively we need the participation of
our citizens and other investors. Our focus
therefore has changed from being dependent on
crude oil,” said Bassy.
On his part, Mr. Udeme Ufot, said the high level of
security and good road network infrastructure, as
well as the readiness of the state to assist
investors secure landed properties and other
regulatory requirements, made the state a safe
heaven for investors.
“We are seeking for investors to unlock our agric
potentials especially for produce like rice, cocoa,
and palm oil,” said Ufot.
Edoho, particularly called on state indigenes to
note that the days of windfalls from the crude oil
sector had gone and that it was important for them
to wake-up and embrace entrepreneurship if they
must survive the ongoing recession.
“Our people must wake-up and change their mind-
set. They should embrace entrepreneurship. They
need embrace hard work, integrity and industry,”
he added.

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