Rivers
President, Association of Stockbroking Houses of Nigeria,
Mr Emeka Madubuike,
yesterday said that operators in the capital market would embark on nationwide
investor education on dematerialisation in January.
Madubuike told newsmen in Lagos that the
sensitisation programme would cover all the regions in the country.
That dematerialisation is the
elimination of physical certificates or documents on ownership of securities
through conversion to electronic ownership mode domiciled with the Central
Securities Clearing System.
Madubuike, also the Chairman of the
Committee on Dematerialisation of the Securities and Exchange Commission (SEC),
said that the project was aimed at ensuring that investors bought into the
electronic type of share certificates.
He said that the operators would also
educate investors on the rudiments of the market to increase their
participation in the market.
According to him, the capital market operators
will use the project to reach out to as many investors as possible to boost
their confidence in the market.
Madubuike said that the project, which
would be first launched in Lagos, would bring the 12- year old
dematerialisation policy to fruition.
He said that operators in the market
were working together to achieve this objective.
Madubuike said that the CSCS and
registrars were deeply involved in the exercise for data capturing of all
investors’ details.
Rivers
Technology Key to Nigeria’s Socio-Economic Development, Says Computer Scientist
Dr. Legborsi Emmanuel, former state Chairman of the Nigeria Computer Society (NCS), has emphasized that technology is the sure way for Nigeria’s socio-economic development.
He made this assertion while speaking with newsmen at the sideline of 118th inaugural lecture series of Rivers State University (RSU) held in port Harcourt, wednesday.
He stressed that the lecture, which focused on emerging technology and its impact on the socio-economic development of the country, aligns with the NCS’s economic focus.
He highlighted the importance of building an economy driven by technology, citing the success of the Rivers State Smart Economy policy as an example.
The computer scientist emphasized the need for innovation and doing things differently, asserting that “technology is the only way out” for Nigeria’s development. He praised the lecturer, Professor Mathias Daniel, for exploring the applications of technology in various sectors, including agriculture, industry, transport, and socio-economics.
Dr. Emmanuel underscores the critical role technology plays in driving socio-economic growth and development in Nigeria by leveraging technology, the country can unlock new opportunities and address pressing challenges.
Akujobi Amadi
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