Business
Stockbrokers Set Agenda For Jonathan
As the Acting President of Nigeria, Dr Goodluck Jonathan settle down for the business of governance, stockbrokers in the country listed the areas of the economy he is expected to focus on during his acting capacity.
According to the stockbrokers who spoke with The Tide source, the acting President should focus on the implementation of the 2010 budget and fast track the passage of the Asset Management’s bill currently before the National Assembly.
The brokers also reiterated the need to follow up and ensure that the bill is implemented once it is passed, to enhance the speedy recovery of the stock market.
Speaking on the development, the former President of the Chartered Institute of Bankers, Mr. Okechukwu Onuegbu said the acting President should overhaul the economic team as presently constituted and fast track the implementation of the AMC.
He said that the acting President should focus on the immediate restructuring of his economic team, noting, “I do not see the team as presently constituted, being able to proffer solutions to the economic problems on ground. He should ensure the immediate passage of the AMC bill with the provision that the government or its agencies should hold about 49 per cent of the equity instead of 100 per cent.
“The on-going financial structure should continue, but the procedure should follow financial tenets. Emphasis should be placed on ethics and corporate governance to ensure strong institution capacity building in education, industries as well as addressing unemployment issues should be given adequate attention.
In a related development, another stockbroker, who is also the Managing Director of GTI Capital Ltd, Mr. Abubaka Lawal supported the views of Unuegbu on the issue of AMC and also stressed the need for government to work on power generation and amnesty in the Niger Delta, to attract foreign investors.
He said the acting president should present the budget for 2010 and ensure fiscal discipline and execution of major projects.
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