***We are committed to an inclusive economy, conducive business environment and infrastructure

* **$500 million Innovation Fund underway

“What is required is the rigorous and unglamorous business of keeping to the vision of our Economic Recovery and Growth Plan, ERGP.”

The Buhari administration remains committed to a conducive and supportive environment, fiscal prudence and investing in infrastructure as fundamentals for businesses to thrive and ensuring macroeconomic stability, according to Vice President, Yemi Osinbajo, SAN

Prof. Osinbajo, who stated this today at the 22nd African Securities Exchanges Association (ASEA) Annual General Meeting and Conference in Lagos, he noted: “what is required is the rigorous and unglamorous business of keeping to the vision of our Economic Recovery and Growth Plan, ERGP.”

“We also realize, of course, that a conducive and supportive environment is essential for businesses to thrive and have accordingly, invested heavily in infrastructure while working strenuously to make it easier to do business,” the VP stated.

According to him, for economic stability to be achieved, it requires using resources more efficiently and effectively, as well as, tackling inequality of opportunity and outcomes.

He said, “our social investment programmes in school feeding, job creation and economic empowerment through interest-free micro-loans, will certainly promote social inclusion and help ensure the peace and security so vital for long-term investment and economic sustainability.”

While commending the theme of the conference, “Champions on the Rise: Africa’s Ascension to a More Sustainable Future,” Prof. Osinbajo said it is inspirational because it recognizes that Africa through its talents, businesses and commerce, is on the rise.”

For Africa to rise, he cautioned that “all of us in African governments, private firms, market institutions must be the champions on the rise and we have a duty and responsibility to assure a sustainable future for this beautiful continent.

“Africa, as we all know, is the last frontier for virgin economic opportunities and, given recent positive developments in the continent, it is only a question of time before the abundant opportunities in the continent bring about major socio-economic changes.

“It is evident that the African Securities Exchanges Association has a key role in our continental quest for economic growth and development. This is not only because of the vital role that capital markets play in our domestic economies but because the Association reflects the right spirit of collaboration and partnership required of African countries and their economic institutions, to bring about a more vibrant, dynamic continental economy.”

Continuing, the Vice President noted, “another key role that capital markets must play in this era is to assist technology start-ups to find the resources they need to promote and grow their businesses. We have an Advisory Group on Technology and Creativity here in Nigeria and one of the dominant themes in our discussions with the young entrepreneurs in these sectors is the lack of affordable and patient capital.

“We are accordingly working with the African Development Bank to establish a $500million Innovation Fund that will support activities in this sector. Given the size of our economy and the potential of the technology and creative sectors, I am hopeful that capital market operators will work towards innovative financing solutions to lend further support to these two sectors.”

Noting that African companies that invest in the continent are expanding quite rapidly and the amount of intra-Africa foreign direct investment almost tripled in the decade till 2016, Prof. Osinbajo advised that these must also be innovative.

“They must innovate in response to new ideas and take advantage of unique features of the African economy. We must build on the great advances in FinTech like M-PESA, Paystack, Flutterwave and Eyo Owo, in Nigeria. Worthy of mention also are the insightful mini-packets for drinks, soap, milk, medicines, sugar and such likes that we find in the retail sector in many African countries,” he added.

He congratulated the host of the AGM, the Chief Executive Officer of the Nigerian Stock Exchange, Mr. Oscar Onyema and his team, on the completion of a productive tenure as President of ASEA, as well as the incoming President, Mr. Karim Hajji, CEO, Casablanca Stock Exchange, wishing him an outstanding successful tenure.

In his remarks, the outgoing President of ASEA, Onyema, highlighted the achievements of ASEA under his tenure and said the theme of this year’s conference underpins the need for operators of African capital markets to fully embrace sustainable business practices, as well as the opportunities and risks presented by the fourth industrial revolution.

Other speakers at the conference were the Vice President and Treasurer, World Bank, Mrs Aruma Oteh, President of Council, The Nigerian Stock Exchange, Mr. Abimbola Ogunbanjo, the representative of the Lagos State Deputy Governor, Dr. Idiat Oluranti Adebule, and representative of Minister of Finance, Mrs. Aisha Ahmed.

Others were CEO, World Federation of Exchanges, Ms. Nandini Sukumar and the incoming ASEA, President Mr. Karim Hajji.

Laolu Akande

Senior Special Assistant to the President On Media & Publicity

Office of the Vice President

November 26, 2018

Yes oo Africa is on d rise......but a certain man's government in power is pulling Nigeria backwards.........am sure every sane person knows his name
NB....i dont expect zombies to know sha

On the rise? like the way your dick do rise at the sight of kiki?

Africa is on the rise, Lagos keep developing, Ibeju-Lekki the hottest investment zone

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Think of ibeju Lekki, Lagos, the "hottest investment zone" in Africa, seating on multi-billion Dollar international projects like: # Dangote Refinery # Lekki Free Trade Zone & many more#

Just a click away from you

https:///send?phone=2348062342001

Higher and higher we will keep going.
We are in safer hands with Osinbajo and President Buhari.
Thank you for saving us from the doldrums PDP was taking us to.

SIMPLYkush:
On the rise? like the way your dick do rise at the sight of kiki?

Someone should help this boy before it is too late for him.
This hatred is getting outta hands

SIMPLYkush:
On the rise? like the way your dick do rise at the sight of kiki?

Hope you won't be getting erection on the sight of your daughter in the future sha!

This my man haff started smoking daura weed like Lie Mohammed

Great man, greatest Vice President only second to Sir Alex ekwueme.. The rest are just non functional, like the famous privatization looter that can't enter US or Saudi Arabia due to corruption charges, or the drunkard whose boss couldn't hand over affairs of the nation to until after his death, then we had the mute one who no one knows what he sounds like except when he wants fund for the construction of VP's charlet

We still have a long way to go.

TheGreenLand:

Hope you won't be getting erection on the sight of your daughter in the future sha!

Maybe he has already dking his 6 years old daughter

It will rise higher than the highest skyscrapper

With Buhari and his never tired VP we shall see the change

Buhari till 2023

This man normal?

Wow That Nice I Love It

abbeyty:

Maybe he has already dking his 6 years old daughter

simplykush ooo.
chai!

Slave talk

Deathstroke00:
It will rise higher than the highest skyscrapper

With Buhari and his never tired VP we shall see the change

Buhari till 2023

Correct man.
So shall it be.

Bossontop:

Yes oo Africa is on d rise......but a certain man's government in power is pulling Nigeria backwards.........am sure every sane person knows his name
NB....i dont expect zombies to know sha

John walker aka Buhari

Nigeria is out of the picture cos nigeria is gradually becoming a typical example of hell[color=#770077][/color]

Bossontop:

Yes oo Africa is on d rise......but a certain man's government in power is pulling Nigeria backwards.........am sure every sane person knows his name
NB....i dont expect zombies to know sha

Your other Dad who only your Mama knows!

TheGreenLand:
Higher and higher we will keep going.
We are in safer hands with Osinbajo and President Buhari.
Thank you for saving us from the doldrums PDP was taking us to.



Someone should help this boy before it is too late for him.
This hatred is getting outta hands

Please Sir... In which area is Nigeria going higher?

Stupid boy..
All major economic indices are nothing to write about..
A lot of backwater's on the dark continent.

On the rise? Yet hundreds if not thousands of well educated Nigerians have relocated to developed countries within the past decade?

On the rise?

https://www.nairaland.com/4467866/why-middle-class-nigerians-relocating

He is referring to Ghana

Watch as anti buhari them flood this thread in 3,2,1.........go

Africa on the rise in their Aso Rock deluded minds. Yahoo pastor and their propaganda government. On paper they deceive themselves and their zombie supporters but the reality on ground is a different ball game altogether.

The first step to show rising nation are;
1. 100% electric power availability in 85% places of the nation.
2. Food is cheap and available irrespective of the season.
3. Good roads in most places
4. Healthcare is available for all.
5. Security for most people is sure.

Any short of these, Nigeria or Africa is still backward.
The reason I have said this, is that most countries we call developed countries, when they were developing, the first things they did were items 1 to 5. Now they are called developed not because of items 1 to 5 but because they now using technologies to improve items 1 to 5.