Barely four weeks to the 2023 presidential election, stockbrokers have called for a regime change that would address uncertainties, as well as speedy and consistent economic policy direction to restore the country on a path of sustainable growth, while supporting a virile capital market post-election. The stockbrokers, who spoke in a separate interview with The Guardian, said the market had long lost some gains made during the boom period of 2003 to the 2007-2008 global financial crisis
Barely four weeks to the 2023 presidential election, stockbrokers have called for a regime change that would address uncertainties, as well as speedy and consistent economic policy direction to restore the country on a path of sustainable growth, while supporting a virile capital market post-election.
Head Equity, Planet Capital, Paul Uzum said the economy had been a public sector-led mixed economy, which has impaired the performance of the stock market as liquidity has reduced significantly due to the evaporation of foreign portfolio investors. Before the inauguration of President Muhammadu Buhari in the first term of his administration on May 29, 2015, the stock market had long lost some gains recorded during the boom period of 2003 to the global financial crisis of 2008.
The initial enthusiasm that greeted Buhari’s victory in 2015 faded because investors were unable to identify any value addition to the country and by extension, the capital market, by his government.
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