Nigeria’s Govt won’t force companies to list on NSE – Osinbajo

The Nigerian Vice President Yemi Osinbajo has promise investors that government will not impel any company to list its shares on the floor of the Nigerian Stock Exchange.

Osinbajo ruled out any direct government intervention in forcing private companies to list their shares. He said that the decision to list by private companies would remain decisions of their Boards of Directors and shareholders.

The Vice-President interacted with market stakeholders and traders and performed the ceremonial closing of the market. He said this on Friday during a working visit to the NSE in Lagos.

But he said the government would consider incentives to encourage companies to list their shares on the NSE in recognition of the importance of the Nigerian capital market as a major driver of the national economy.

Osinbajo said the government would work with the NSE to promote the Nigerian stock market given the role the stock exchange plays as an important driver of economic activities and investments.

He noted that while the main focus of the government was to create a generally amenable operating environment for the private sector to thrive, government would also consider proposals from the Exchange on ways to encourage listing and support corporate growth.