By Omodele Adigun
VICE President Yemi Osibayo is expected as Guest of Honour at this year’s Annual Conference of the Chartered Institute of Stockbrokers (CIS) in Lagos later this month where the focus of the over 700 participants will be on ‘Entrepreneurship and the Capital Market: Fast tracking a new Economy for Africa.’
Addressing the capital market correspondents, Tuesday in Lagos, the Chairman of the Programmes Committee, Mr Akeem Oyewale, said entrepreneurship is a key driver of the economy, and exploring the theme of the conference- Entrepreneurship and the Capital Market: Fast tracking a new Economy for Africa-would help the government articulate policies to address unemployment rate in the country.
He added: “There is a connection between entrepreneurship and capital market.The market has the capacity to bring together entrepreneurs, investors, market operators and regulators. The capital market is an avenue for people to raise capital in efficient way. We want to promote entrepreneurship because they occupy a pivotal role in the development of capital market.This year, we are focusing on entrepreneurship as part of our inputs towards strengthening the African capital market. The conference will provide opportunities for participants to enrich their entrepreneurship skills.
Corroborating Oyewale, the Chairman of the Annual Conference Committee, Mr.Wale Agbeyangi, said “by promoting more entrepreneurs, there will be more companies listing on the Nigerian Stock Exchange (NSE). And when more companies come up, there will be a reduction in unemployment rate in the country. We are looking at Africa generally-South Africa,Rwanda and Ghana. People are now talking of entrepreneurship as new economy for Africa and for Nigeria in particular.”
On raising capital by the entrepreneurs at the market, another member of the committee, Mr Yomi Adeyemi, lamented that most entrepreneurs are restricted to their local economies rather than looking for pan-African funding.
Source : SunOnline