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Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM - Politics (2) - Nairaland

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Re: Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM by Mosco100(m): 5:45pm On Nov 27, 2018
Bossontop:
undecided
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
Buhari
Re: Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM by thewesternking: 5:46pm On Nov 27, 2018
The continent will take the world by surprise
Re: Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM by Ugosample(m): 6:25pm On Nov 27, 2018
Gerrard59:
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

and more to leave as the years go by
Re: Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM by Bossontop(m): 7:36pm On Nov 27, 2018
ekestic1976:


Your other Dad who only your Mama knows!
Thats a zombie for you!!!!.....simple question with even hints e nor fit answer correct correct

Re: Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM by Nobody: 7:48pm On Nov 27, 2018
Bossontop:
undecided
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

The lifeless one and the midget, buhari has no life to inject into the economy while osinbanjo is a midget who can't see any glorious future for our country.
Re: Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM by salesforce: 8:52pm On Nov 27, 2018
Africa is on the rise sir... South Africa just increased minimum wage sir, Kenya is doing great sir, Rwanda is leaving us behind sir, you have visited Ghana recently sir and you saw the airport sir!

Africa is on the rise mr � mouth runner � but not nigeria ��
Re: Africa Is On The Rise, Says VP Osinbajo At African Securities Exchanges AGM by Colehn1800: 8:53pm On Nov 27, 2018
presidency:
***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

After 58 years of independence abi

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