Mortgage and Housing, Entertainment & Media and the Automotive sectors are amongst the key areas that will constitute the priorities of NASD Plc in supporting Nigeria’s economy through domestic capital mobilization. The MD of the NASD Plc, Mr. Eguarekhide Longe, made this point while providing his perspective on “NASD and Domestic Capital Formation for the Nigerian Economy.”

He said the exchange would also explore ways of supporting agric entrepreneurs to achieve competitive value in the export market.

According to him, “The more your capital market is integrated into economic activities, the higher your market to GDP size. Currently, the capital market does not describe the economy of the nation”.

He stressed the need to involve the capital market more with key and transformative sectors of the Nigerian economy. He believed this would come with strategic thinking planning because some of the critical sectors have hefty capital requirements.

“The Mortgage & Housing sector is an opportunity for mainstreaming the capital market into Nigeria’s economic activities. It has complexities in the country, which is tiring and complicated in terms of financing. An effective Housing and Mortgage system aligns with an integrated transport system. This is because most of the housing units will be far from the city center, underscoring the importance of a robust transport system”, he noted.

“Until we make the capital market the center for capital mobilization and deployment to businesses and economic centers, we will still see a slow growth in the market to GDP size.”  Mr. Longe said the appreciable market to GDP size in other developed and emerging markets should challenge Nigeria to be bold and audacious and rethink how to deepen the capital market.

He acknowledged the role of emerging technologies like blockchain and pointed out that it enables speed, security and cost reduction in the capital market.

He added that NASD Plc would leverage it to improve time-to-market transactions and reach a broader market.

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