FMDQ hosts the 2015 Nigerian Debt Capital Markets Workshop. With a focus strategy outlined in its Vision 2020 document and supported by the 7-Point Agenda, Nigeria has the potential to become one of the twenty (20) largest economies in the world by the year 2020. The role of the capital markets to driving the actualisation of the nation’s development agenda cannot be over emphasised, taking into consideration the ability of the markets to pool and mobilise both local and foreign capital towards financing economic growth and development.
Consequently, FMDQ OTC Securities Exchange (FMDQ), in line with its commitment to lead the revolution in the Nigerian debt capital markets (DCM), organised a Nigerian Debt Capital Markets Workshop in collaboration with the International Finance Corporation (IFC) and supported by the Securities and Exchange Commission, Nigeria (SEC). The 2-day Workshop which held from October 27-28, 2015 at the Eko Hotels and Suites, Victoria Island, Lagos, themed “The Nigerian Debt Capital Markets – Towards a Brighter Future”, aims to be a catalyst to stimulate the growth of the Nigerian DCM by diagnosing the issues hindering the empowerment of the markets and propounding practical and implementable remedies to the issues. The Nigerian DCM has grown quite significantly over the last ten (10) years, and the options presented by the issuance of debt securities cannot be stressed enough as regards the resultant opportunities for stimulating economic growth and development of the nation.
The well-attended Workshop highlighted the role and impact of the DCM – to the government, regulators, issuers, investors, market operators, and economy as a whole – providing a high-level forum for stakeholders of the Nigerian DCM, including subject-matter experts from global model markets to interact and deliberate within focus groups, with a view to bridging the developmental gaps and fostering sustainable growth in the Nigerian DCM. The Workshop focused on pertinent issues (ranging from interest rates, infrastructure (power, transportation, housing) development, education and health, wealth and employment creation, through to individual prosperity) impacting on the development of any nation and in particular, Nigeria, via the DCM. Resolutions to these issues and their successful implementation have the potential to positively impact every sphere of a nation, from the government echelons all the way to the citizen levels.
Following on from the Workshop, FMDQ and SEC, in collaboration with the Federal Government and other market regulators (The Debt Management Office, Nigeria, The National Pension Commission, The National Insurance Commission etc.), will champion the identified DCM-focused initiatives which will impact the real sectors of the Nigerian economy serving to promote Nigeria’s vision of becoming one of the top twenty (20) economies in the world by the next decade –the Nigerian DCM Roadmap. FMDQ, as an OTC securities exchange with a primary focus on the debt markets is uniquely positioned with a viable and efficient platform for the articulated initiatives – including but not limited to instituted infrastructures to provide global competitiveness & depth, liquidity and transparency in the Nigerian DCM – in readiness for the imminent revolution in the markets and ultimately the Nigerian economy.
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