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VI
The Man Between Market and the State
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THISDAYLIVE
Read properly, it was something rarer: a working session between a government pursuing economic transformation and a capital market leadership that has positioned the market as an increasingly indispensable instrument for delivering that transformation.
It reflects years of deliberate work by institutions across Nigeria’s capital market ecosystem to reposition the market from a spectator of economic policy to an active participant in national development.
Government provides policy clarity, assets and reform momentum; the capital market provides capital formation, price discovery, transparency and broad-based ownership.
That institutional credibility built patiently over time may prove to be one of the most valuable assets the Nigerian capital market possesses.
The history of successful reforming economies demonstrates that governments alone do not build vibrant capital markets, nor do capital markets reform governments in isolation.