By John Okoh
Mr Ruwase
Mr Babatunde Ruwase, president of the Lagos Chamber of Commerce and Industry, LCCI, has called for collaboration between his organisation and the Nigerian Stock Exchange, NSE, to promote private sector development and the advancement of the Nigerian economy.
He made the call on Monday during a courtesy visit to the NSE and detailed the areas of cooperation he expects to see exist between the organisations.
He identified four key areas in need of urgent attention to sustainable growth and development of the economy, firstly; Mobilisation of Capital for Investors especially the indigenous ones to unleash growth of key sectors including agriculture, manufacturing, property, construction and infrastructure.
He said; “All these sectors need affordable long term fund. We would like to see a better impact of this funding window. There is also need to collectively strengthen advocacy to make pension funds available for long term financing needs of the economy.”
Continuing, he added “We should also work together to explore options of financing of small businesses because they are critical to economic development especially the creation of jobs and the promotion of inclusiveness in the Nigerian Economy.
“We would like to partner with the NSE in the promotion of good corporate governance and scaling up of business ethics.
“To collaborate in the area of monetary, fiscal and trade policies which have significant impact on the performance of the stock market and private sector investments generally.”
