The Chartered Institute of Stockbrokers says a proactively structured economy can reduce the effects of the challenges facing the nation.
The association, thus, urged the Federal Government to ensure speedy implementation of its new measures aimed at reviving the economy.
The CIS took this stand at the 20th Annual Conference of Stockbrokers held in Lagos themed: Building New Pillars, Creating New Values for Sustainable Development.
Speaking at the conference, the President, CIS, Mr. Oluwaseyi Abe, said the call was vey important and that it came at a critical time when Nigeria’s economy is in a recession, with a threat of depression lurking around.
Abe said, “We are not alarmed or confounded by the turn of events because we know that Nigeria is a part of a globalised economy and market, with changing perspectives, where the only thing that is constant is change.
“However, we believe that our economy should have been proactively structured and positioned to enable it to shift balances and absorb shocks or hits when they occur, without having a severe and destabilising impact as we are currently experiencing.”
The CIS boss, who expressed optimism in the potency of the government’s economic revival strategy, stated that growth should be equitable and inclusive for enhanced overall development of the economy.
Speaking at the conference, the Nigerian Stock Exchange’s Chief Executive Officer, Oscar Onyema, explained that the Exchange had put in place many activities for enhanced sustainable growth.
According to him, the Premium Board Index was introduced to encourage listed companies to aspire to the highest standard of corporate governance