The President, Chartered Institute of Stock Brokers (CIS), Adedapo Adekoje has disclosed that only one per cent of registered companies in Nigeria are listed on the Exchange.
He also said that less that five per cent of the Nigerian population have investment on the nation’s bourse.
Speaking at the Securities and Exchange Commission (SEC) Journalists’ Academy 2018 in Uyo, the Akwa Ibom State capital, Adekoje said awareness about the Nigerian capital market was still low, Adekoje pointed out that Nigeria still have a long way to go even as he called for focus on investor education.
Adekoje who described investment in the capital market as highly risky, said it is the easiest and best way to grow rich.
He insisted that Nigeria is presently bearing burden of infrastructure deficit, which the government cannot tackle alone using funds from crude oil, but added that long term loan from the nation’s capital market can bail country out