{"id":41306,"date":"2021-03-12T11:56:21","date_gmt":"2021-03-12T11:56:21","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=41306"},"modified":"2021-03-12T11:56:34","modified_gmt":"2021-03-12T11:56:34","slug":"finance-minister-tells-sec-nse-to-improve-retail-investment-for-fg-to-borrow-funds","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=41306","title":{"rendered":"Finance minister tells SEC, NSE to improve retail investment for FG to borrow funds"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/www.ripplesnigeria.com\/wp-content\/uploads\/2020\/11\/Zainab-Ahmed-1-1.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>Minister of Finance and Budget, Zainab Ahmed, has told the Nigerian Stock Exchange (NSE) to improve its retail investment, to position the capital market as an alternative credit source for the Federal Government.<\/p>\n\n\n\n<p>Ahmed said retail investment must be encouraged to improve the financial capacity of Nigeria\u2019s capital market, and that past experiences proved that the Nigerian bourse is capable.of funding Nigeria\u2019s budget.<\/p>\n\n\n\n<p>The country\u2019s 2021 budget is N13.95 trillion, with a deficit of N5.6 trillion. According to&nbsp;<a href=\"https:\/\/www.ripplesnigeria.com\/adeosun-ahmed-sadiya-farouq-to-face-reps-committee-over-n1-7tr-nsip-funds\/\">Ahmed<\/a>, the deficit will be funded by domestic and foreign debts. She said the capital market can become one of the sources for domestic loans.<\/p>\n\n\n\n<p>She made this statement during the 5th Budget Seminar organised by the Security and Exchange Commission (SEC). Ahmed added that government can use the bourse to finance capital project through instrument offerings.<\/p>\n\n\n\n<p>\u201c\u201cPast experiences have shown that the capital market has been supportive in providing the necessary funds to finance governments\u2019 projects.<\/p>\n\n\n\n<p>\u201cThe budget is N13.95 trillion, capital expenditure of N4.37 trillion amounting to 32.2 percent of the total expenditure and overall deficit of N5.6 trillion to be financed by almost equally domestic and foreign sources.<\/p>\n\n\n\n<p>\u201cGovernment is committed to introducing more of these instruments in partnership with the capital market, to finance projects for economic growth.\u201d Ahmed said at the budget seminar which was themed \u2018Financing Nigeria\u2019s Budget and Infrastructure Deficits through the Capital Market\u2019.<\/p>\n\n\n\n<p>Also speaking at the seminar, the Director-General of SEC, Lamido Yuguda, said for the Nigerian capital market to compete in the world, SEC has the capacity to support infrastructure needs by providing necessary innovation.<\/p>\n\n\n\n<p>Note that the Nigerian capital market was adjudged the best performing stock market in 2020 during the COVID-19 pandemic, but the bourse is gradually losing its appeal, as investors seek other assets with more attractive interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister of Finance and Budget, Zainab Ahmed, has told the Nigerian Stock Exchange (NSE) to improve its retail investment, to position the capital market as an alternative credit source for the Federal Government. Ahmed said retail investment must be encouraged to improve the financial capacity of Nigeria\u2019s capital market, and that past experiences proved that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_mi_skip_tracking":false},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance minister tells SEC, NSE to improve retail investment for FG to borrow funds &raquo; WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=41306\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=41306#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=4\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Finance minister tells SEC, NSE to improve retail investment for FG to borrow funds\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Finance minister tells SEC, NSE to improve retail investment for FG to borrow funds &raquo; WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=41306","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=41306#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/watchdogplusmedia.com\/?cat=4"},{"@type":"ListItem","position":3,"name":"Finance minister tells SEC, NSE to improve retail investment for FG to borrow funds"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=4\" rel=\"category\">Business<\/a>","rttpg_excerpt":"Minister of Finance and Budget, Zainab Ahmed, has told the Nigerian Stock Exchange (NSE) to improve its retail investment, to position the capital market as an alternative credit source for the Federal Government. Ahmed said retail investment must be encouraged to improve the financial capacity of Nigeria\u2019s capital market, and that past experiences proved that&hellip;","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/41306"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41306"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/41306\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}