Governor Peter Obi of Anambra
Governor Peter Obi of Anambra State has made a case for telecommunication companies as well as other companies doing well in Nigeria, to be listed in the Nigeria stock Exchange (NSE).
He made the call when the Chief Executive officer of the NSE, Mr. Oscar Onyema paid him a courtesy call at the Governor’s Lodge.
The Governor noted that listing the telecoms and other big companies would encourage public participation in the wealth they are helping to create, as well as enable smaller investors to explore opportunities in bigger outfits to sustain stability in the market.
He noted that the NSE offers favourable lending conditions and urged companies and businesses to access funds from it to expand their activities.
In addition, Obi urged that people should invest more on stock as it holds the future of the economy. While attributed the previous collapse of the market to lack of adequate information and poor enlightenment resulting to colossal lost.
Earlier, Onyema stated the visit to the Governor was aimed at exploring how the establishment can contribute to the economic development of the State.
According to him, the purpose of the visit was also to encourage more companies from the South-East to be listed on the NSE, which he said, has introduced new measures to restore public confidence in the market.
He disclosed that market capitalisation on equity has gone up to $53 billion, while fixed income had equally risen to $34 billion dollars presently.
Onyema applauded the governor for the support given to them, recalling that the Onitsha branch of the NSE was set up by Obi’s administration in 2008.
He explained that the NSE was using the Onitsha as a centre to reach out to investors, companies and states around it.
