2023: Refrain From Actions Capable of Breaching Public Peace – CIS

Adodo Osewengie

The Chartered Institute of Stockbrokers (CIS) has called on the Federal Government, Independent National Electoral Commission (INEC), political parties and other stakeholders to denounce any action tantamount to breaching public peace in the course of pursuing their 2023 ambitions.

The Chairman, Research and Technical CIS, Mr. Akeem Oyewale, made the call on Wednesday at the 2022 webinar of the Annual National Economic Review and Outlook organised by the institute.

Speaking on the topic, ‘Global dynamics shaping Nigeria’s economic future,’ he adjured all interested parties to exhibit the spirit of patriotism while going about their electioneering activities for 2023 without indulging in practices geared to cause violence.

Reviewing certain key factors, he noted that the economy of the country will be shaped in 2022.

In a bid to drastically reduce external borrowing to finance the 2022 budget without hitches, Oyewale advised the federal government to increase its engagement with the Nigeria capital market. 

In the instance of making monetary and fiscal policies, the institute advised the Central Bank of Nigeria (CBN) to always put into consideration the effect such policies would have on the Nigerian capital market. 

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The Institute enjoined the federal government to stick strictly to the philosophy of building a country driven by the private sector as inscribed in the National Development Plan.

According to him, the commercialisation of the Nigeria National Petroleum Corporation (NNPC) should be followed up with the public listing of its shares with the stock market and in doing so, it will give Nigerians the privilege to be part-owners of one of the most treasured entities of the nation.

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