Capital market needs favourable policies to grow in 2017 —Ibadan shareholders’ chairman

THE Federal Government has been urged to make its policies on capital market more favourable for the market to grow in 2017.

This was disclosed by the newly elected chairman, Ibadan Shareholders’ Association, Mr Eric Akinduro, during a chat with the Nigerian Tribune, at the association’s office in Ibadan, on Wednesday.

He said government’s pronouncement on companies in the country should be positive, which, according to him, would help to grow the capital market.

Mr Akinduro also advised shareholders to invest in shares of companies that are agricultural-based, less dependent on importation and foreign exchange.

He said since government is shifting focus to agriculture and banning importation of food items, shares of agricultural-based companies would flourish in 2017.

The immediate past chairman, Chief Sola Abodunrin, promised his cooperation and support for the new leadership.

He said he would make himself available for any task deemed fit for association’s members’ benefits, assuring that he would be in the forefront to champion the course of shareholders.

The other elected officers of the association are Mr Dipo Olasope (Vice Chairman), Mr Adedokun Adekunle (Second Chairman), Mr Gilbert Ayoola (General Secretary), Mrs M.A Omilabu (Treasurer), Nelson Fadoju (Financial Secretary), Mr Francis Oyewo (PRO), Mr B. B. Ogunwale (Assistant General Secretary), Chief Sola Abodunrin (Ex-officio).

The new executive members were elected at the Annual General Meeting (AGM) of the association, held late last year, in Ibadan.

Ibadan Shareholders’ Association comprises shareholders from Ekiti, Kwara, Ogun, Ondo, Osun and Oyo states.